How is a stripper supposed to pay taxes, she is 1099

how does she estimate her taxes, she does not get a 1099 every 3 months?

There is a safe-harbor rule...I think if you deposit 100% of prior years tax liability or 90% of current years, you are safe from being penalized.

Pic or GTFO.

she did not do this job in 2009, so she does not have any prior year tax liability. when she does her quarterly estimates does that cover her soc sec and medicare.

If she is just starting the job in 2010, she can get a copy of Form 1040-ES from the IRS website. Try to estimate what she will make in 2010, divide by 4 and send in quarterly. The first installment is due April 15th, so she should be able to figure out about how much she made in the first couple of months and project that out over the entire year.

When filing her taxes next spring she will do a full 1040 that includes a Schedule SE. This figures self employment tax including SS and Medicare, which go towards tax liability.

The quarterly payments are treated just like withholdings on a W-2 on the annual tax return, so yes the quarterly payments do cover SS and Medicare.

so she is just paying her taxes throughout the year as apposed to all of it at the end. why is the self employment tax so high. i estimated her to put aside 30% of what she made, but the self employment tax is 15.3% on top of her regular tax rate.

She should reserve roughly about 35% (15 fed, 15 self employment, 5 LA) for taxes out of all the money she makes, nightly. She needs to keep records for the money she makes (and/or the money she claims to the business.) She doesn't have to make quarterly estimates, but the IRS will charge her interest (called an underpayment penalty) based on the amount underpaid for each quarter. Right now the interest is approx 6%. State will charge the same penalty with a higher rate. If she had no income tax (or very low) in 2009, she may not have to worry about the payments for 2010 due to the above mentioned safe harbor rule. Don't fall too far behind on these because it is very hard for people to play catch up if they are not saving.

what the frick is the question? How does she pay taxes? She adds up all fo the 1099s and puts that as other income not subject to self-employment taxes. Does she get a W-2 from the strip club? Why the hell do you have a stripper as a client. Are you really asking about your wife instead of your client? Since it is a 1099, there are no withholdings. Make sure she keeps a portion of her 1099 to cover the taxes.

also should i have her pay them quarterly.

is she self-employed, or employed by the strip club? If you were to list her occupation, is it self-employed or stripper?

and why is she getting a 1099? Is her employer doing this to avoid paying their portion of payroll taxes. Sounds like payroll tax fraud to me.