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    soyuppy's Avatar
    soyuppy Posts: 25, Reputation: 1
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    #1

    Apr 3, 2007, 02:11 PM
    Estimated Tax Qtrly Filing for 1099 income
    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    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.
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