Introduction Unlike employees, independent contractors do not have taxes withheld from their payments. Instead, under IRC § 1402, they must pay self-employment tax and income tax directly to the...
Introduction If you are self-employed, an independent contractor, or earn non-W-2 income, you may be required to make estimated tax payments throughout the year. Under IRC § 6654, the...
Introduction Freelancers and self-employed individuals must pay taxes throughout the year instead of having them withheld from a paycheck. The IRS requires freelancers to make quarterly estimated tax payments...