TechWhirl (TECHWR-L) is a resource for technical writing and technical communications professionals of all experience levels and in all industries to share their experiences and acquire information.
For two decades, technical communicators have turned to TechWhirl to ask and answer questions about the always-changing world of technical communications, such as tools, skills, career paths, methodologies, and emerging industries. The TechWhirl Archives and magazine, created for, by and about technical writers, offer a wealth of knowledge to everyone with an interest in any aspect of technical communications.
As an FTE with variable 1099 income on the side, I prefer to use line 6 on the W-4. It's served me well for years, with no penalty.
-----Original Message-----
From: Robert Lauriston
Sent: Tuesday, May 26, 2015 5:58 PM
To: TECHWR-L (techwr-l -at- lists -dot- techwr-l -dot- com)
Subject: Re: Freelancing and EIN
True, there are exceptions, though I don't think I've ever qualified for them in 20+ years of 1099 income.
I should have said if you have 1099 income, you need to check each quarter to see if you need to pay federal or state estimated taxes.
Otherwise you might end up having to pay penalties (which are not terribly onerous, but it's still throwing money away).
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Adobe TCS 5: Get the Best of both worlds: modern publishing and best in class XML \ DITA authoring | http://adobe.ly/scpwfT