Quarterly Taxes & 1099 Management: Staying Ahead of the IRS

Realtors are independent contractors, meaning taxes aren’t automatically withheld — but the IRS still expects quarterly payments.

Due Dates: April 15, June 15, September 15, and January 15 (next year).

Best Practices:

• Set aside 25–30% of each commission for taxes.

• Track 1099-NECs from brokerages and clients.

• Use bookkeeping software to project quarterly estimates.

Avoid Penalties: Paying consistently beats paying late — the IRS charges interest for underpayment.

💡 Key Takeaway: Treat your commissions like a business paycheck — plan, set aside, and stay current year-round.

⚠️ This blog is for informational purposes only and does not constitute tax, legal, or accounting advice. Please consult your CPA for guidance specific to your situation.