Question: How do I go about paying quarterly payments for self-employment tax to the IRS? What forms do I need?

I need to know how I go about setting up quarterly self-employment taxes to the IRS? That’s just the 15.3 percent that I have to pay quarterly, correct? I don’t have to worry about income tax and state tax until the end of the year, right?

Answer: You pay quarterly tax on an 1040ES, well, quarterly. It is a payment toward you total income tax.

Different states have their own rules.

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Self Employment IRS Income Tax Rate Information & Help 2009, 2010.mov

Where to sell a new product?

Also: Self-employment tax, and setting up a company from scratch Dear Kare n: I launched a new product but I can’t get stores interested. Besides my own website, what sales options do I have?

Tax Attorney Q&A Show 10-1.mpg