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  1. M

    Didn't pay quarterly tax payments, what am I looking at penalty wise?

    @makubexx Ahhh gotcha that makes sense. Yup definitely subject to SE tax. Get wrecked by it every year lol
  2. M

    Didn't pay quarterly tax payments, what am I looking at penalty wise?

    @family1stdad Oh thats not bad at all!
  3. M

    Didn't pay quarterly tax payments, what am I looking at penalty wise?

    @family1stdad Yeah I didn't make any estimated payments in 2022 and no withholding, its my own business that gets paid for me providing my services to another company Line 24 of 2021 was around $18k
  4. M

    Didn't pay quarterly tax payments, what am I looking at penalty wise?

    @family1stdad No estimated tax payments/withholding. Its more than line 24
  5. M

    Didn't pay quarterly tax payments, what am I looking at penalty wise?

    @skye1200 Yeah thats the thing... I paid 5 figures in taxes in 2021 and 2022 is going to be more than 2021. Definitely going to set up quarterly with my new CPA this year though, just want to get a gauge on how much the penalty might be and if I can bypass it since its technically a new LLC
  6. M

    Didn't pay quarterly tax payments, what am I looking at penalty wise?

    H&R royally screwed me 2 years ago so I spent last tax season cleaning up that mess with an actually CPA. I ended up not paying quarterly tax payments since I was behind due to H&R screwing me over, but I did start a new LLC in Feb of 2022 that accounted for all my income in 2022. The other...
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