I am a single-Member LLC. Last year, my Nonemployee Compensation on my 1099-NEC was ~$2500. I did not submit quarterly filings last year, but instead submitted everything within my annual return. Are quarterly payments required for a single-member LLC or can I continue submitting as part of my annual return please? If I am required to submit quarterly payments, how do I go about doing it please?
IRS says that "individuals, including sole proprietors, partners, and S corporation shareholders generally have to make estimate tax payments." Since I am a single-member LLC, my assumption is I am not required to submit quarterly filings, correct?
