Yes. NIL income is taxable as self-employment income. You are responsible for federal income tax, state income tax, and self-employment tax. Quarterly estimated payments may be required. A tax professional can help you plan and comply.
Yes. NIL income is taxable as self-employment income. You are responsible for federal income tax, state income tax, and self-employment tax. Quarterly estimated payments may be required. A tax professional can help you plan and comply.
