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View Full Version : Estimated Tax Qtrly Filing for 1099 income


soyuppy
Apr 3, 2007, 02:11 PM
My sole source of Income will be primarily 1099 (Non-Employee Compensation). Thus I would require to file the 1040 ES and the CA 540 ES each qtr.
Do I require to pay FICA+Medicare? And where would I file this under the 1040ES? Likewise, for CA, there's the SDI (State Disability Insurance), where would that be file on 540ES?

Any info is much appreciated.

AtlantaTaxExpert
Apr 9, 2007, 03:01 PM
Yes, self-employment taxes (which is FICA taxes TIMES TWO) must be factored into your quarterly estimated tax payments.

Not sure about the California SDI payments.