Flyboy718 Posted March 7, 2017 Share Posted March 7, 2017 Do we have to pay a quarterly federal tax on $0.25 gumball machines? Link to comment Share on other sites More sharing options...
BCB434 Posted March 7, 2017 Share Posted March 7, 2017 I only did a schedule c form on my tax return and that was it. Link to comment Share on other sites More sharing options...
Flyboy718 Posted March 8, 2017 Author Share Posted March 8, 2017 Ok good thanks Link to comment Share on other sites More sharing options...
musser Posted March 8, 2017 Share Posted March 8, 2017 Tax payments depend upon your net tax liability. Answers to these kind of questions are best answered by a tax advisor. They truely cannot be answered by folks here that have no knowledge of your exact financial situation. i think that if you want to learn about taxes down load the instructions for 1040, schedule c, and depreciation/amortization. They are not really that difficult to understand. They are more tedious than anything else. if you are overwhelmed take a class or talk to a professional. I have no idea what your situation is. Unless you are bringing in a noticeable amount of money or have enough business expense to leverage tax law you may be spending time and worry needlessly Link to comment Share on other sites More sharing options...
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