Penalties & Interest for Not Filing Your Self Employment Taxes?

Answer The American tax system is pay-as-you-go. If you are self-employed and expect to owe more than $1,000 in taxes in addition to any taxes withheld during the year, you must file estimated tax payment... Read More »

Top Q&A For: Penalties & Interest for Not Filing Your Self E...

What are the penalties for not filing your taxes?

For a variety of reasons, even though it is obligatory, individuals sometimes do not file some or all of their taxes. As a result, there are penalties and repercussions that comes along with not fi... Read More »

California State Penalties for Non-Filing of Taxes?

Nobody enjoys paying taxes, but if you don't pay your income taxes, you'll find yourself in trouble. Each year, 16 million personal tax returns are filed in California that generate about $40 billi... Read More »

1099s & Self-Employment Taxes?

Self employment is a wonderful option for those with the initiative and desire to make it on their own. This freedom they experience, however, comes at a price. That price is the seemingly unending... Read More »

How to Estimate Self-Employment Taxes?

Self-employed taxpayers must pay twice as much Social Security tax as employees who receive W-2 forms. Those in the latter category must pay 6.2% of their wages in Social Security taxes and 1.45% t... Read More »