Hopping on this thread that is somewhat related to my question -
can I make fewer than four estimated tax payments for 2022?
I have W-2 and self-employment income (I took on some SE contract work late in 2021). In anticipation of the self-employment income, I already increased my withholding at my W-2 job. I would still like to make quarterly payments. However, the first quarterly payment will be due the same day our tax bill for 2021 is due.
I'd like to start with the payment due in June. I'm aware there may be an underpayment penalty, but there's no problem with making just three quarterly payments, is there?
thanks.
