There are many reasons you may want to know how to calculate your income tax without doing a full tax return. You may want to determine what your tax return is going to be so you know when to file your tax return. Somtimes you are going to get a big tax return so you want to get it as soon as you possibly can. If you are going to owe the IRS money, you probably want to wait until the last minute or even request an extension. If you are trying to figure out how to calculate income tax easily read
I earned 16K in independent consulting fees for work performed during January 2009. I did not receive the fee until beginning of March 2009. Since no withholding taxes were deducted, I believe that I owe the IRS taxes but I don’t know what forms are necessary. My friend told me to just send the IRS a check for 35% but this doesn’t seem right to me. Can anyone help please??? Thanks.
I earned 16K in independent consulting fees for work performed during January 2009. I did not receive the fee until beginning of March 2009. Since no withholding taxes were deducted, I believe that I owe the IRS taxes but I don’t know what forms are necessary. My friend told me to just send the IRS a check for 35% but this doesn’t seem right to me. Can anyone help please??? Thanks.
Please let me know if you’ve had this problem or know someone who has. I know it is best to pay the debt beforehand, I just want to know if it is possible to do.
I have a payment arrangement with the IRS and make my monthly payments to them.
Thanks!
