I am a full-time freelancer making okay money and I finally ran into the surprise of estimated quarterly taxes and have been searching frantically. In the past (last year for example) my 1099 income was a small pittance compared to my W2 income so while I may have paid a penalty it was likely small.
This year I'm on track to make in the low six figures as a freelancer and am now dreading the sort of penalty I will have to deal with. Does anyone have some good advice on how to calculate as well as pay, especially in a situation where I didn't pay the first 2 quarters. Also, my income is very not smooth -- I took most of the first 3 months off and made not even 1/2 of a regular month since May during that quarter.
Any advice greatly appreciated!
Submitted September 02, 2017 at 11:01PM by dreamriver http://ift.tt/2wu32Ej
