Can you please clarify when self-employment taxes are due, in addition to ordinary income taxes? Does this depend on the type of business “entity” you’ve established?? ie: sole proprietor vs. LLC, vs partnership, etc? Please specify. Thanks
In general, self employment taxes are due quarterly. For example, for the period Jan 1 through Mar 31, payment for estimated taxes would be due on April 15. If the due date falls on a weekend or holiday then the due date would be the next business day.
In our Self Employment Tax rate guide, we have included a table that has the due dates for 2016, 2017 and the 2018 tax years.
Crystalynn Shelton, CPA