Money: Can I Model Schedule C Info in The Tax Estimator?
Article ID: 174117
Article Last Modified on 1/20/2007
APPLIES TO
- Microsoft Money 2004 Deluxe Edition
- Microsoft Money 2003 Deluxe Edition
- Microsoft Money 2002 Deluxe Edition
- Microsoft Money 2001 Standard Edition
- Microsoft Money 2000 Standard Edition
- Microsoft Money 99 Standard Edition
- Microsoft Money 98 Standard Edition
- Microsoft Money 2000 Business & Personal Edition
- Microsoft Money 98 Deluxe Edition
- Microsoft Money 98 Financial Suite Edition
This article was previously published under Q174117
SUMMARY
The Financial Suite of Microsoft Money contains a Tax
Estimator Worksheet. The goal of the Tax Estimator is to help the average Money
user estimate their taxes. It is not intended for individuals with small
businesses who need to track tax information on a Schedule C tax form.
MORE INFORMATION
The purpose of Tax Estimator, is to help the average person
become aware of the general state of their taxes year-round. Many people pick
some random number of withholdings and discover in April that they withheld too
much or too little. Withholding too much is in essence providing an
interest-free loan to the government; withholding too little can result in a
large tax payment due in April and possible fees.
The Tax Estimator
takes into consideration normal personal paycheck income reported on 1040 tax
forms. Standard deductions reported on a Schedule A tax form are also taken
into consideration when estimating how much you will owe in federal
withholding.
Additional query words: Money2004w_money money2k 6.0 7.0 8.0 9.0 m2001 hat contractor farm
own company Can Model Schedule C Info Tax Estimator Schedule A
1040
Keywords: kbinfo kbmoneyguide KB174117