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But with contractors, the IRS only gets that money once a year, and often times they're missing a piece of it. I don't know the entirety of the tax law, but I
by balefrost 5y ago
But with contractors, the IRS only gets that money once a year, and often times they're missing a piece of it.
I don't know the entirety of the tax law, but I believe that you're supposed to make estimated tax payments quarterly.
https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes https://www.irs.gov/businesses/small-businesses-self-employe...
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- TechBro8615 5y agoI'd like to see a poll of how many ICs actually do that. I bet it's < 50%.
- mixmastamyk 5y agoThe ones that don't want to pay penalties, which is probably significantly higher.
- deleted 5y ago[deleted]