How do you pay your taxes if you use 1040 schedule C?

Answer by  LegalGirl (183)

You can access most applications, forms, and public government documents via. the help of an attorney or by going straight to your local municipal court and speaking to a representative.

Answer by  technogeek (6640)

Schedule C is the form that you use to itemize your deductions. Once you have the figure from your deductions, on your 1040, you insert that number where you are asked for your standard or itemized deduction amount.

Answer by  Chaneygirl (1755)

If you have a balance due you will need to send with the form. For 2010, pay quarterly estimated taxes using form 1ES. If you divide line 60 (less any withholding) of form 1040, you will get an approximate amount to send in each quarter.

Answer by  Att4372 (1704)

Schedule C is used to report business receipts and expenses. Any net profit or loss is trasnferred to the 1040 for the individual who owns the business. Any net profits are also transferred ot Form SE to compute FICA (social security and Medicare taxes). FICA tax is then transferred to the 1040 and added to income tax due.

Answer by  Cecilia (2828)

Schedule C refers to gain or loss from a business which transfers to the front of the 1040. For a business estimated taxes are paid quarterly based on current profit.

Answer by  Kdm (180)

You pay them however you normally pay them. The Schedule C is just one function of the whole 1040. It doesn't change where the return goes or how it is paid. However, if you wish to pay the tax throughout the year, then you will need to file estimates quarterly. Which is the correct way to pay.