Consulting Tax Question
I know that as a consultant I'm expected to pay estimated quarterly taxes. Does anyone know the form to use for this.
Also does anyone have any info on this from a state level. Minnesota in particular.
Thanks
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I know that as a consultant I'm expected to pay estimated quarterly taxes. Does anyone know the form to use for this.
Also does anyone have any info on this from a state level. Minnesota in particular.
Thanks
by thechas
Check out this IRS web page for more information that should help you out.
http://www.irs.gov/faqs/faq-kw198.html
Minnesota looks to be more complicated.
Start on this page:
If I read it right, if you have no employees or "taxable" sales, you don't need to file and pay quarterly taxes.
Some services are required to collect sales tax, so you may be caught by that.
Chas
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