This will be he first tiem I have to pay self employment taxes and I should have been putting money aside the whole time but didn't.
I know there is a program in place to help you figure out how much you owe and pay throughout the year so that you dont get hit all at once. Does anyone know about this program and how to apply for it?
Id on't really know too much since I am not self employed, but my mom did say that she signed up for a pre payment system. You need to apply and they base it off of last years taxes and what you are making currently, the estimate taxes need to be paid quarterly.