@bonjourmajour
Hope you are having a wonderful day and thanks for reaching out. I am going to restate your question to ensure that you are getting the correct answer. Your have O&G revenue in LA and have made 2 estimated tax payment so far. When you are estimating what you expect to owe it is showing a large refund. If you feel that you have already paid in enough then you could stop paying estimated tax payments. However are you expecting more income from the working interest between now and the end of the year? Do you get a larger payment later in the year? How does this years income compare to last year? How do the estimate taxes compare to the amount you owed in 2022. If you can give me some more details I can give you a better answer or you can just compare the income of the two years and compare how much you have paid in to last year's liability and see if you have already paid in enough.
We are here to help so if there is anything else you need regarding this please reply back!
Janet CPA
