I recently started making 1099 money last month, and will expect to make around $11,500 in contract money in 2017. My question is am I expected to start making quarterly estimated tax payments on Jan 15, or since I just started can I wait for my 1099 then file my 2017 taxes, probably in March-April? I can then start making estimate payments quarterly thereafter.
Filing my taxes will help estimate my future payments, so I'm just trying to hold out till then without getting penalized. Thanks for the help!
Filing my taxes will help estimate my future payments, so I'm just trying to hold out till then without getting penalized. Thanks for the help!
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