Slipped fingers. The IRS.gov website allows you to make estimated tax payments on line. You can also download the forms and instructions if you want. If you don't make a "profit" in your first three years, the IRS calls it a hobby. You still have to pay taxes, but you can't deduct expenses Find a tax shop or a book on small businesses. JKLasser has some good thouough books.
Joe Kwiatkowski Sent from BlueMail On Jan 10, 2020, 5:06 PM, at 5:06 PM, Don Veino via Contra Callers <[email protected]> wrote: >OK, we all know we're really in this for the outrageous sums of money, >right? ;-) > >But if you're lucky, you're finally at the stage where you're at least >covering your costs and have enough gigs where you're concerned the IRS >may >expect you to be reporting your income, recording expenses, etc. > >I've looked into this somewhat and from what I can tell in the US, it >involves making quarterly Social Security tax contributions on the >income >and including the income/expenses toward your estimated tax payments at >the >Fed/State/Local level. The trick is *how*. > >Does anyone have a pointer to a good tutorial or other tips/direct >advice >on the topic? > >(Apologies for the intrusion of the *Real World* into our magic >place...) > > >------------------------------------------------------------------------ > >_______________________________________________ >Contra Callers mailing list -- [email protected] >To unsubscribe send an email to >[email protected]
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