How to calcultate Federal and California taxes for self-employed (forms, deducting expenses, etc.)
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How to calcultate Federal and California taxes for self-employed (forms, deducting expenses, etc.)
For California, you will file Form 540.
For the federal return, Forms 1040 with Schedules C and SE is required. I strongly recommend you get professional help filing these forms.
How small a company are you?
You can try wading through the booklets for self-employed sole proprietors (assuming it's just you, no partners, no employees, no inc. ) and the forms on IRS.gov.
I did it (years before online) and didn't find it hard.
If you are preparing for next year, fine. If you filed an extension for last year, pay for help.
Joypulv offers good advice.
Thanks a lot
Glad to help!
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