I have a W2 Salary job, 1099 self employed income, and started a separate LLC I formed in a different state in early june for online sales income. I have not filed taxes quarterly. The income from my LLC is greatly outpacing my W2 income this year and I am worried about incurring penalty fees for not filing quarterly and just paying them at the end of the year.
If I increased the tax withholding from my Salary job enough to meet my expected taxes owed from my LLC income, would that allow me to avoid penalties/fees from not filing quarterly?
