1099

[Wimblees@AOL.COM]

In a message dated 2/15/00 8:30:06 AM !!!First Boot!!!, 
pianolover@worldspy.net writes:

<< I have a question for other floor tuners out there, (In California) like 
me who have not yet started there own business. Even though we work for a 
piano store, we are (at least in my case) considered  "independant 
contactors", and we get a  "1099" form at the end of the year. Do we have to 
make quarterly statements, or just pay our taxes at the end of the year? I 
appreciate any help in this area, until I can meet with an accountant, which 
may not be for a while. 
 
 Best wishes,
  >>


Self employed people pay quarterly. The amount you pay every quarter is equal 
to one forth of what you paid last year. But since you don't have a history 
of self employed earnings, you don't have to file this year. But save your 
money, because come April 15 of 2001, you will have to pay all of what you 
owe for 2000, plus 1/4 of that for you 2001 estimated.  Check with you 
accountant. If you don't have one, find one. A good accountant can save you 
money. 

Wim