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Reporting tax while Self Employed?

Ja Rhule

By Ja Rhule,
in Huddle Lounge

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MadHatter Rookie

MadHatter

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You will need to file a quarter estimated tax payment.

 

In addition, the money is taxed where the service was provided....not where the check came from.  However, if the work was provided (and thus earned in another state), you are required to claim the income in that state and pay taxes.  You then claim a credit on your NC taxes for the amount paid in the other state.

 

 

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Ja Rhule Grand Master

Ja Rhule

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​You need a good accountant.

I'm a good accountant. I'm just a corporate accountant. I know I can use 1040ES to file tax and I know I have to file quarterly. Wasn't sure if there is a website or software that can calculate everything and submit payment to IRS and state.

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