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05/24/2012 at 04:51PM PDT

Important Announcement! A planned system-wide upgrade will take place over the Memorial Day Weekend in the US (From Thurs, May 24, 2012 at 6 pm PDT thru Tues, May 29, 2012 at 5 am PDT). This includes QuickBooks, QuickBooks Payroll, Point of Sale, & Salesforce.com. This is only for US based products. This does not affect QuickBooks Online customers! During this time, you can shop, but can’t place orders online, activate products or update account info. We apologize for the inconvenience & thank you for patience while we improve our infrastructure to better serve you. International versions are unaffected. For more info, see our community discussion.

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FSSolutions

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08/03/11 7:23am PDT

How do i take out self employment taxes

US QuickBooks Pro for Windows : 2010

how do i take out self employment taxes

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2 Replies

dhhcpa

Accountant Community AllStar

08/03/11 10:18am PDT

Take out of what?

Ohhhh, Faerie Dust!!

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essjay

Allstar

10/30/11 8:57pm PDT

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Set aside money and remit it quarterly with form 1040ES ... you do not have to "withhold" on a weekly basis as you would in payroll.

Here are the forms and instructions:

http://www.irs.gov/pub/irs-pdf/f1040es.pdf

"Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that rnethod which best pays the treasury..." Judge Learned Hand - U S Court of Appeals

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