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Thread: regular job + dancing money= complicated taxes

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    Senior Member hazeljames's Avatar
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    Default regular job + dancing money= complicated taxes

    okay so heres my issue. i have a full time regular job in addition to my part time dancing job. from what ive read on here i need to file the 1040es quarterly payment thing for my dancing income, but what about my regular income? do i just do the 1040es quarterly and then my other taxes once a year as usual or is there another fancy form for this?
    arghh.. so confusing. any help would be great

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    Default Re: regular job + dancing money= complicated taxes

    actually your 'employer' does taxes for your regular job once a week ... by withholding money from your regular job paycheck and sending it in to the IRS on your behalf ! This is exactly the same thing as estimated tax filing, except the 'employee' never sees the accounting or money transfer.

    In regard to dancing earnings on top of a regular job, you can either file and pay the estimated taxes due on your dancing earnings as a separate activity, or you can let your regular job 'employer' do it for you by increasing the amount withheld from your regular job paycheck by enough to cover the taxes due on dancing earnings as well as straight job earnings.

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