Do self employed people need to file quarterly taxes to get the government check?

Nobody is getting a check until a bill is passed. There are proposals. It isn’t decided yet.

I know it’s not decided yet.

Nobody knows anything yet; nothing has been decided. Why obsess over these details that nobody can know? It just makes you more worried.

@janbb I’m not worried about this. Asking for a friend. I am self employed, but I am not in a check to check situation as you know.

Tell your friend not to obsess over details that don’t exist.

The thing you need to know is that the entire process is running into resistance from the republican party (mostly) that doesn’t think that people should receive free money from the government. These people are the same ones who were anti-bailout in 2007–2008.

Another example of ideology over humanity. They just don’t care.

Basically, yes. We have to make quarterly estimated tax payments. By that I mean that we have to estimate how much we could make during that year and pay taxes on that estimated amount. If we don’t estimate close enough, say, in excess of $1000, the IRS could fine us. I was short this year by $250 mainly because my income can fluctuate so much.
I would suggest that any person who is self employed to contact the IRS and request that they send the Form 1040 ES so that estimated payments can be made. Otherwise, when the IRS does send you the form, they will also include a nice letter stating what your penalty is for that period, and that you can continue to do it your way if you like and they will continue to penalize you. My penalty was $129 for three months. Needless to say, I opted to make the estimated payments!

@kritiper She’s like me, she usually doesn’t make quarterly payments. Her husband just increases his amount taken from his paycheck. The IRS doesn’t know people like us (my friend and me) are working until tax filing time after year end.

It’s just easier not to have to file the quarterly form. That’s why she thought of it.

Form 1040 ES isn’t that big of a deal. It’s just a form that shows you how to estimate and it also contains vouchers and envelopes to send in with your payments and a schedule of when to make them.

If one is self employed and filing jointly, I’d say you’re covered. If you’re self employed and filing separately, I’d also say you’re covered. What is important is that you file.

None of us can know until a bill is actually passed.

@kritiper I’ve done quarterly payments when I’ve made bigger money self employed, but now I make very little.

I don’t think your understanding, I’m not talking about filing at the end of the year. I would think they will base the payment on whether someone was earning at the time of the quarantines starting. The government doesn’t know I’m working this year, it’s not reported in any way yet.

As far as I know it’s for people who have lost wages, not all residents and citizens.

I have no idea how they will evaluate it, my girlfriend was just wondering how it might work if they do anything.

It’s not a big deal really, just wondering what people might have heard. I haven’t paid much attention to that.

It does make a difference if your business crates a paper trail like mine does.
Depending on just exactly how your gf accepts payments, and in which form if a paper trail results, and since you were asking for your gf, it may not hurt to pass on the info I provide here since she asked.
I should receive a payment because I file. You should get a payment just because your husband reports you as a dependent. For example, if a family consists of four people , they will get $3000. Anyone who makes less than $75,000 will get some kind of payout, up to $1200.
That’s the plan so far, they say.

@kritiper I saw last night that it looks like it is going to be done per person within a household as you mentioned, so her concern for needing to have paid in tax year to date seems moot.

She has a paper trail. She reports the money she makes, it’s just not reported until tax time, meaning the following year. She is paid mostly by corporations, so they are reporting too, by Jan 31 they are submitting their 1099 forms, or whatever the form is that reports the 1099’s that were issued to subcontractors. I send that all in every year, and I don’t remember all the names of the forms.