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WCI #318: 1099 Income and Locums Docs

White Coat Investor Podcast

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How to Make Quarterly Estimated Payments

The amount of tax that you owe is totally separate from what you pay as you go along. That's why you have to settle up every April 15. The easiest way to be in the safe harbor, if you're all 1099 is to figure out what your tax bill was last year. And then divide it by four and pay that each quarter. But if you have W2 income and you also have this 1099, it's really hard. It's just not that easy.

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