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» From: Temple, TX Dear TaxMama: Is there a site to download, or software to buy that will help me manage and figure my taxes as an independent contractor during the year so I know what I owe quarterly or otherwise? Gino Dear Gino, Glad to see you wanting to take care of your accounting. First of all, you'll need to figure out your profits for each period. So, you'll need accounting software. Depending on whether you're comfortable with somewhat complex, full-bodied programs, or just want it simple and sweet, here are two alternatives.
Once you have your numbers, read this article about making estimated tax payments .... and you're all set. (See TaxMama's Article, Estimated Payments - Hate Them? But Pay them!). You can make the quarterly payments online So, will this get you started? Best wishes, Eva Rosenberg Your TaxMama |
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