We have a few contractors asking about estimated tax payments and whether they need to submit a 1040-ES. Form 1040-ES is used to calculate and pay estimated federal income taxes quarterly — typically required if you expect to owe at least $1,000 in taxes for the year. This usually applies to freelancers, self-employed workers, and anyone with income not subject to withholding. Does your team share any guidance with contractors about this at onboarding?
What is the IRS Form 1040-ES, and who is required to file it?
- Thread starter clevlen
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