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October 27, 2021
Question

Federal and State Taxes for a Solo Proprietorship

  • October 27, 2021
  • 1 reply
  • 0 views

Hello! I'm a sole proprietor who has started a therapy practice in MA. I've signed up for Electronic Federal Tax Payment System tax payment service to pay federal taxes quarterly on my income, after business expenses. How do I make these calculations?

    1 reply

    Michele_H
    October 27, 2021

    Hi @Lpozadas  I am attaching a site that offers several different calculators in helping you determine how much you could possibly owe.  There is one labeled Self employed Expense Estimator.  This one should help 🙂

     

    https://turbotax.intuit.com/tax-tools/

     

     

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