Do I Need to File Quarterly Taxes as a Sole Proprietor? Understanding Sole Proprietor Taxes
A sole proprietor submits Schedule C with a personal 1040 tax return annually. They file Schedule SE with returns, paying self-employment taxes quarterly. Sole proprietors can write off expenses like office space. If you expect to owe $1,000+ in taxes for the year, the government requires estimated quarterly tax payments. If you owed no tax … Read more