About LorenL1

Employee Tax Expert

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Hi everyone. My name is Loren. I have been a Tax Expert for 14 years and absolutely enjoy tax research. My goal is to assist community members in the best way possible.

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Re: I'm looking to start working for Shipt or Doordash. What do I ne...

Shipt and Doordash delivery drivers usually work as independent contractors. This means that you are responsible for paying your own taxes. The general rule for...

LorenL1

Updated Aug 30, 2023
Re: Estimating quarterly payment for growing business

Taxpayers must generally pay at least 90 percent of their taxes throughout the year through withholding, estimated or additional tax payments or a combination o...

LorenL1

Updated Aug 30, 2023
Solved Re: New York State Employment Taxes

As a self employed individual, NY State indicates that you may be required to make estimated tax payments if: you receive income such as interest, dividends, a...

LorenL1

Updated Aug 30, 2023
Re: I files taxes 2018-2021 for my self employment. The last 2 years...

Yes, if you were actively engaged in your trade or business but didn't receive income, then you should file and claim your expenses in the year that they were p...

LorenL1

Updated Aug 30, 2023
Re: Inherit Portion of Trush

Hi Chas, Your wife will not owe tax when she inherits the stock however, she might or might not owe tax (capital gains tax) when she sells the stock. Your wife ...

LorenL1

Updated Jul 26, 2023

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Date Registered	‎July 24, 2023 2:33 PM
Date Last Visited	‎September 8, 2023 1:48 PM
Total Messages Posted	10
Total Cheers Received	7

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Re: I'm looking to start working for Shipt or Doordash. What do I ne...

Re: Estimating quarterly payment for growing business

Solved Re: New York State Employment Taxes

Re: I files taxes 2018-2021 for my self employment. The last 2 years...

Re: Inherit Portion of Trush

Do you have a TurboTax Online account?

Re: I'm looking to start working for Shipt or Doordash. What do I ne...

Re: Estimating quarterly payment for growing business

Solved Re: New York State Employment Taxes

Re: I files taxes 2018-2021 for my self employment. The last 2 years...

Re: Inherit Portion of Trush