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-   -   Estimated Tax Qtrly Filing for 1099 income (https://www.askmehelpdesk.com/showthread.php?t=78862)

  • Apr 3, 2007, 02:11 PM
    soyuppy
    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.
  • Apr 9, 2007, 03:01 PM
    AtlantaTaxExpert
    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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