S
SWJenkins
Guest
I didnt have a job last year and this year i started doing phone psychic work from home. I'm going to make probably under 10,000 in total for the year (possibly even less; my income from it fluctuates alot monthly, depending on how many people i consult) I know im probably going to owe about 1400-1500 or something like that and I'll obviously begin sending in estimated payments based on this years income beginning next april. But I'm worried that I misread the rules for estimated taxes and may owe penalties....I also heard that filing schedule c's tend to get audited alot. I have barely any deductions (mostly a small amount of paypal fees), what're the odds that I'll get audited? I'm new to all this so I just want to get a feel for it because I'm a bad worrier.