02/19 - Sublime Sunday!

i'm paying quarterly this year to avoid paying a lump sum (and a penalty lol)

 

Isn't the penalty only if you aren't able to pay it right away?

 

I assume this was your first time or one of first filings? It gets easier if so.... just reminds me of my first time at 14 for a restaurant i worked at after school/weekends and vacations lol that was when they had these god awful paper book things that were so hard to understand haha now I open a site enter some numbers and bingo blammo it magically computes

 

Yup first time.. mturk is actually my first 'job' hah

 

there's a couple different scenarios where you might incur the penalty (read the last section if you're curious: https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes)

 

It wasn't bad once after a few years i figured out that 98% of what was in that booklet didn't apply to 100% of anything lol

 

Hi, it's gonna be the first time even for me and, till a few minutes ago, I thought I should have filled a 1099 but now, after reading again that very useful post by clickhappier, I saw that MTurkers should fill a 1040 C... Confused!!! May I ask which one did you fill and if you used any particular software?

 

Yeah I used united way's free H&R block account thing so it was fairly easy.

http://www.unitedway.org/myfreetaxes/

15%? If you want to be super safe make sure you have 20% though. You can also read thread for more info.

1099-misc unless you are a top dog making over 20K on mturk and then you get a proper 1099

It sounds like you should seriously read the thread though

@clickhappier could correct me if I'm wrong though.

http://www.mturkcrowd.com/threads/taxes-for-turkers-reporting-self-employment-income.127/

 

I would love to get my hands on a late 80's early 90's era tax filing booklet just for the fond memories and lol's

 

Thank you very much for your reply, I will read it again paying more attention because reading it once hasn't been enough, lol ^_^

 

Eh with http://www.unitedway.org/myfreetaxes/ free H&R block thing that I'm pretty sure everyone here is able to take advantage of. (You just need to make under $64k) It is really easy.

Hah yeah learning is good

And with something like taxes it is a good idea to not fuck it up.

 

Up to date ones are usually still available at your local library along w/ paper forms (gasp) etc etc.

Also Credit Karma is offering free filing (though they'll sell your data, much like probably any company you use): https://taxhelp.creditkarma.com/hc/en-us/articles/115000142643-Forms-supported-by-Credit-Karma-Tax

 

Yeah I know but I want to have a good ol absolutely useless foreign language sounding english ones that i learned from I bet if I called my Mom there are some in the attic she will think I lost my mind but would be fun to see one