Here's what I do...

I am an IC for a couple accounts, but also considered an employee for another.  My husband and I always have such a large return at the end of the year (7000-8000.00) that my accountant said I didn't really need to withhold anything or set aside any money.  Basically, we just lose a chunk of our return, but I would rather have the money throughout the year rather than the government collecting interest on my earnings. 

• MT taxes - tan
  • If you have a spouse you can have extra - me
  • If you don't want to get slammed with a huge payment due, estimated quarterly taxes - is the way to go. nm
    • Here's what I do... - IC2
      • Thanks! Still confused lol - tan
        • Yes set aside some $$, unless you are married - me
        • I'm new at this too but here's what I do so far (sm) - CAMT
          • thanks again - tan
            • Just waiting till the end of the year (sm) - CAMT

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