My 1099=$19000 for the year, I didn’t pay my tax throughout the quarter. Should I let irs withdraw the money from me when I file tax or is that a bad idea? Advise me

posted

Connect with an expert

1 Best answer

Accepted Solutions

My 1099=$19000 for the year, I didn’t pay my tax throughout the quarter. Should I let irs withdraw the money from me when I file tax or is that a bad idea? Advise me

You do not have a choice now. When you prepare your tax return, the software will calculate the self-employment tax you owe, as well as your ordinary income tax if you owe any.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

4 Replies

My 1099=$19000 for the year, I didn’t pay my tax throughout the quarter. Should I let irs withdraw the money from me when I file tax or is that a bad idea? Advise me

You do not have a choice now. When you prepare your tax return, the software will calculate the self-employment tax you owe, as well as your ordinary income tax if you owe any.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

My 1099=$19000 for the year, I didn’t pay my tax throughout the quarter. Should I let irs withdraw the money from me when I file tax or is that a bad idea? Advise me

Thank you

My 1099=$19000 for the year, I didn’t pay my tax throughout the quarter. Should I let irs withdraw the money from me when I file tax or is that a bad idea? Advise me

Thank you

My 1099=$19000 for the year, I didn’t pay my tax throughout the quarter. Should I let irs withdraw the money from me when I file tax or is that a bad idea? Advise me

You are welcome.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Still have questions?