Saturday, January 1, 2011

Will the IRS contact me about how much to pay from my 1099 job

Will the IRS contact me about how much to pay from my 1099 job?
As of Jan. 1, 2010, my freelance writing job changed from a W-2 to a 1099. I understand that I will owe just over 15 percent of my wages in every 3 months, but I'm not sure if the IRS will send me some kind of a form or if this is my responsibility. If it is my responsibility, can you send me a link to the form I will need to fill out and send? Thank you!
United States - 2 Answers
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1 :
no, you file your estimated with 1040ES, April 15, June 15, Sept 15, and Jan 15, 2011, you are already too late for 2009 you will complete a sch C and SE and determine your se tax, it is approx. 15.3% for 2009 for 2010, go to www.irs.gov and download 1040ES forms
2 :
1. It is your responsibility. 2. It may be a lot more than 15%. 3. The form is Form 1040-ES. Do not send the entire form. Complete the entire form, but send only the voucher. Keep the rest of the form. 4. The form is at http://www.irs.gov/pub/irs-pdf/f1040es.pdf

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