Started as a contractor on 1099 (I believe this would be NEC) in May 2024/my first time, and my spouse is on W2:
Has anyone used Turtobax to get assistance with the estimated payments? I am noticing that the charges are pretty high at $469 if 1099 is involved. I am curious if this fee will get me assistance with an agent to get setup with estimated payments in 2023 ASAP + will it cover the annual tax filing for 2024 due mid-April 2025?
How was the service if you used it?
Currently, I am quite confused about setting up estimated payments:
Would these payments strictly be for 1099 income accumulated so far?
Or does it include my spouse's W2 income so far in 2024 + any stock sales etc in 2024 so far?
Also I started working in May 2024 but have not made any estimated payments yet due to misunderstanding on how this worked. I believe the due dates for estimated payments are April 15, June 17 and Sep 16, 2024 (and final due is Jan 2025). Will I get penalized for missing the June 17 payment? (how much would it be?)
If you have been in a similar situation, I would appreciate any guidance you can provide!
