First time quarterly taxes for self employed client who started freelancing this January. I cleaned up his books in QBO so I thought he could file through TurboTax. However, he has already filed 2025 personal taxes through AARP volunteers and has filed with them the last two years. He does not have a history in TurboTax.…
Is there any reason I should create a LLC for my freelancing? Is there a certain amount of money I should be making annually before this makes sense? I know a lot of people create an LLC when starting a small business, but I don't fully understand why.
I do independent contract work for a client who pays my invoices via PayPal. This year I received a 1099NEC from the client as well as a 1099K from PayPal for the same overlapping income. I am not sure what to do in this situation. It is appearing as if my income is nearly double what it truly was.
What is the difference between individual income tax d-400v and nc-40 form? I was working as a freelance designer and need to pay the quarterly estimated tax payment. On the federal side it seems pretty straight forward, but when looking at the state one there are 2 forms that look very similar.
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