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Self employed
Hello @ayaa .
The IRS requires taxpayers to submit their withholding/estimated tax payments as you go instead of waiting until the end of the year. If you try to wait until the end of the year and pay it all with the return, you can be subject to penalties and interest for the late payments. I would make your 3rd quarter payment when due and your 4th quarter payment by January 15, 2024. Make sure to mark the 4th quarter payment as a payment for 2023.
These articles will explain about pay as you go and ways to avoid the estimated tax penalty.
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‎August 30, 2023
4:38 PM