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Get your taxes done using TurboTax
If you unexpectedly received the vast bulk of your income in the last quarter, that could be a reason why you didn't pay estimateds throughout the year. Self-employed contractors who have unsteady incomes get penalized for "late" quarterly payments on occasion. There are a very few occupations where the penalties for late quarterlies are waived due to seasonality of income, such as fishing.
‎April 11, 2023
1:33 AM