Tax question for a new IC?

Posted By: Laura on 2006-04-02
In Reply to:

I'm just getting started as an IC. How do we file our taxes? Do we need to file them as "estimated taxes" four times a year?" Thanks in advance for your help!

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Tax question for a new IC? - Laura
- first year as IC, you don't have to make payments...sm - Old MT
- If you are married and file jointly you can have your spouse - me
- IC can file estimated x4 annually or....nm - pay all at once in April, I do this...*S*
  - Yeah, but... - don't you have to pay in advance for the year?
    - however, when I first started out, I DID....sm - pay all at once in April, I do this...*S*
    - no, 4/2006 payment is for 2005 year...nm - pay all at once in April, I do this...*S*
      - this yr you have til 4/17 (4/15=Sat)..sm - pay all at once in April, I do this...*S*

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