I am filing estimated taxes for the first time as an independent contractor. I understand the concept of simply estimating taxes based on my last year's taxes paid. I don't understand how to fill out the 1040-ES form if I'm using this method. The worksheet requires AGI, exemptions, etc. It doesn't seem to allow me to simply indicated taxes paid in 2006 and taxes owed for 2007. Should I just skip everything until line 14?
- posted
16 years ago