Thanks for the response! I'm prepared to make an estimated tax payment immediately if warranted to cover Q1/Q2, however that is interpreted. How much? Divided the 1040-ES total by 4 and send in the first two quarters worth (50%)? Divided the 1040-ES total by 3 and send in the first third to cover Q2 and ignore Q1? Shouldn't the withholding by my employer in Q1 cover what I would have paid in Q1 had I been self-employed? I feel like most business probably do not form on January 1, so my situation cannot be rare and I'm mystified by the lack of clear guidance from the IRS here. Why should I be assessed a penalty at all when if I even make any Q2 payment at all then I'm technically paying ahead and not "as-you-go" in arears? Thanks in advance!
