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Quarterly estimate payments are used to pay some, or all, of your taxes owed before the actual filing of your tax return. In certain situations, they are required. If they were required, and you did not pay any or not enough, there is a chance that an underpayment penalty will be due on your return….
If you’re working as an independent contractor, which includes working for companies such as Uber and Lyft, then chances are you will be paying self employment tax. Self employment tax is calculated on the net income from your business. If you’re thinking to yourself that you don’t have a business, well, think again. For tax…
