how do I file part year self employed income to reduce tax penalty?
I was told I could reduce penalty for not paying qtrly taxes if I did not work 12 months. I only work 9 months but do not know how to show it.
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August 9th, 2010 at 8:36 am
Dear Smith: Look at IRS form 2210 and it’s instructions.
Your income and expenses are reported on Sch C.
This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent Master Tax Advisor