Today we’re diving into estimated payments with tax expert Evgeni Ivanov. Taxes can be daunting, especially for those new to navigating estimated payments outside of W2 employment. This episode serves as a practical guide to understanding who needs to make estimated payments, the quarterly schedule, and implications for various income types like locum work and investment income.
Listen in as we discuss negotiating contract prices, managing quarterly paychecks, avoiding underpayment penalties, and the critical importance of expense tracking for locum work. Whether you’re just starting or looking to optimize your tax strategy as your income grows, this episode provides essential tips to stay informed and compliant.
What You’ll Learn In Today’s Episode:
- Who usually has to make estimated payments.
- How estimated payments work.
- What to consider when negotiating your contract price.
- What you need to know about quarterly paychecks.
- How penalties work when dealing with estimated payments.
- The importance of tracking your expenses when doing locum work.
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Resources In Today’s Episode:
- Evgeni Ivanov: LinkedIn
- APM Success YouTube
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