Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
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?
2 Answers
- chatsplasLv 71 decade agoFavorite Answer
Quarterly estimated taxes. File paperwork and pay up.
www.irs.gov
quarterly estimate of taxes
Source(s): tax pro - Anonymous1 decade ago
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.
