Understanding Quarterly Tax Payments for Self-Employed & Small Business Owners
This script explains the tax obligations of self-employed individuals and small business owners, who typically receive income not subject to withholding, such as earnings from clients, dividends, and property sales. It emphasizes the importance of paying taxes through quarterly installments as required by the IRS to avoid heavy penalties, given that such incomes are not taxed upfront through regular paychecks.
00:00 Understanding Tax Obligations for Self-Employed and Small Business Owners
00:34 The Importance of Quarterly Tax Payments
