Quarterly taxes due...Help

Discussion in 'Ask An Owner Operator' started by MayhemAutoTransport, Apr 13, 2011.

  1. Apr 13, 2011 #1
    MayhemAutoTransport

    MayhemAutoTransport Light Load Member

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    I have a new LLC as a 1099 subcontractor. I need to pay my Qtr taxes asap. They can be paid online, right? How about paying state taxes? Since the co. is new, my estimate doesn't have to be perfect this year, I was going to pay 16% federal and 4$ state, thoughts?
     
    MayhemAutoTransport, Apr 13, 2011
    MayhemAutoTransport, Apr 13, 2011
    #1
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  3. Apr 13, 2011 #2
    Lilbit

    Lilbit Road Train Member

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    Those would be good base numbers for now. You should sit down and actually do an estimate of your projected tax bill for the year before the next quarter though. That way, you can be a bit more accurate. I am not up to date on what can be paid online, but a quick visit to the IRS website should tell you that.
     
    Lilbit, Apr 13, 2011
    Lilbit, Apr 13, 2011
    #2
    Gears Thanks this.
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