Re: When do I pay taxes for a single-owner LLC or sole-proprietorship?

Hi Paul,

You may however, be liable for making estimated tax deposits, due in April,
June, September and January. Failure to do this when you are required to
results in penalties.

Does the IRS send the forms automatically when quarterly taxes are
due? Or do I just need to put the tax due dates on my calendar and
remember to fill out the forms?


I am assuming that since the IRS treats the owner and
business as one for tax purposes, then taxes would
have to be paid annually. But I keep reading that I
have to make estimated quarterly tax payments for
self-employment or get my full-time employer to
withhold extra funds.

you may have to - yes.


What would be the conditions where I won't have to make quarterly tax
payments?

Thanks again!

.

Relevant Pages