indep contractor withhold/Soc Sec?

My adult son is getting paid for something via internet (legit). I assume they send a 1099 at end of year. How does he pay Social Security/Medicare taxes in the meantime?

chatsplas2009-02-13T07:49:35Z

Favorite Answer

Quarterly estimated taxes. File paperwork and pay up.

www.irs.gov
quarterly estimate of taxes

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Anonymous2009-02-13T15:53:06Z

We have been in business for 10 years and have always just filed at the end of the year. You do not necessarily have to do estimated, that really just assists so you can pay thru the year instead of the end of the year. We have so many credits deductions etc it just makes more sense to do it yearly.

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