Tina's Tax Corner

Being self-employed in Guam or the CNMI brings unique opportunities and challenges, and one aspect that can often be overlooked is managing taxes. Whether you're a sole proprietor, independent contractor, or freelancer, understanding and meeting your estimated tax obligations is crucial to staying on the right side of both federal and local tax authorities. The guidance below breaks down the basics of estimated tax payments to help you navigate this often-confusing terrain and keep your financial affairs in order.