Oregon Tax Consultants Practice Exam 2026 – Complete Study Resource

Question: 1 / 400

Are self-employed individuals in Oregon required to make estimated tax payments?

No, they are exempt from estimated payments.

Yes, based on projected tax liability.

Self-employed individuals in Oregon are indeed required to make estimated tax payments based on their projected tax liability. This requirement exists because self-employed individuals do not have tax withheld from their income as traditional employees do. Instead, they must estimate their tax obligations and make payments quarterly to cover federal income taxes, as well as state income taxes.

The requirement to make these estimated payments helps ensure that taxpayers stay current with their obligations and avoid underpayment penalties at the end of the tax year. The estimated tax payments should reflect the individual's expected tax liability for the year, taking into account not only their income but also allowable deductions and credits.

This approach ensures that self-employed individuals contribute to the tax system in a manner similar to wage earners, who have taxes automatically withheld from their paychecks.

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Only if their income exceeds a specific threshold.

They can choose to make payments voluntarily.

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