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Cheat Sheet: Quarterly Taxes in 7 Steps

Aug 9, 2017 by

Determine net income. Calculate self-employment tax. Determine itemizations. Subtract personal exemption. Determine federal tax rate. Subtract tax credits. Divide the tax due by the four IRS quarters. Don’t want the hassle? Download QuickBooks Self-Employed.

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Quarterly Tax Penalty Is Real

Aug 3, 2017 by

Not paying quarterly taxes, or making late or too-small payments, can result in penalties & additional interest owed. It can also raise a red flag for the IRS. Be prepared: Next quarterly deadline is 9/15.

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