topic Re: First year self-employed in Self employed

First year self-employed

Susie02 — Wed, 27 Oct 2021 23:30:53 GMT

This is my first year fully self-employed. I have not paid any estimated taxes or quarterlies this year. Should have I been filing and paying? What about FICA and Medicare? When and how do those get paid?

Re: First year self-employed

Michele_H — Wed, 27 Oct 2021 23:41:24 GMT

Hi @Susie02 you may want to estimate your taxable income for the year to see if you need to make a payment.

Turbo Tax has a couple calculators that can help you achieve this, here is the link for this.

https://turbotax.intuit.com/tax-tools/

Here is a link to show you where to pay the estimates at.

https://ttlc.intuit.com/community/tax-payments/help/how-do-i-make-estimated-tax-payments/00/25875

Re: First year self-employed

no help — Thu, 28 Oct 2021 00:03:44 GMT

WEBINAR was very difficult to ask questions, see areas of concern ... WHY DIDN'T TURBO HAVE LIVE EVENT LIKE THEY PURPORTED???

Re: First year self-employed

macuser_22 — Thu, 28 Oct 2021 00:49:52 GMT

They did for most of today. I think it ended at 4 or 5 PM Pacific time.