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August 28, 2024
Question

I get W2's from two different jobs and I have started a new business (I am the only employee)

  • August 28, 2024
  • 1 reply
  • 0 views

I have two part-time W2 jobs, and extra tax is withheld from each of them to offset any tax burden from the new business. Do I still need to file quarterly taxes for the new business? Since it's still new, there will likely be a net loss for the new company, if that matters.

    1 reply

    Employee
    August 28, 2024

    Given what you posted you will not have to pay estimated taxes