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How to pay deferred self-employment tax?
Individuals can pay deferred self-employment tax any time before or on the due date through a few different mediums. The Electronic Federal Tax Payment System through the IRS is the simplest way to pay. You can also pay by credit or debit card, or with a money order or check.
When paying a deferred self-employment tax, it is important to pay it apart from any other tax payments to make sure that they are applied to the correct deferred tax. The IRS system will not recognize payments not made in this manner, so it is crucial to do it correctly.
It is important to select the 1040 US Individual Income Tax Return form to complete payment correctly. This will make your payment go smoothly. If you decide to pay in installments, make sure to check the installment agreement when making those payments.
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