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OK, do you have an accountant?
Second, did you file as an independent contractor last year?
Your payment as based on what you made last year. There are estimates. There are big penalties for not paying your scheduled payments. You can pay your payments on time and then get the money back at tax time. That is my suggestion.
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Idk ATF, my accountant gives me the vouchers based on what i claimed the previous year. I learned the hard way that if you fail to send in payments you are penalized harshly.
If you were not issued the vouchers, because this is your first year, then pay what you think you will owe. It is ok to overestimate, u will get the money back.
If your earning are over a certain amount then you have to pay quarterly or you will be penalized.
So, if you do not already have the vouchers issued to you because of what you claimed last year, then just pay what you think you will owe (or a bit more). If you do have the vouchers because they were issued to you based on last year, then pay your payments and collect the overages at the end of the tax year. Or you can call the irs to see if you can get your estimates changed.
if you are able to accurately account for your earnings over the past three months, you can adjust your quarterly estimated tax payments up or down to correspond to the ANNUALIZED change. Given your statements, your June 15th estimated tax payment would be 'normal' sized ... your September 15th estimated tax payment would be perhaps 3/4ths of 'normal' ( since you won't have any US earnings for most of August), and your January 15th estimated tax payment would be zero.
The estimated tax payments are linked to the previous 3 month's earnings (annualized for determination of effective tax rate), which may or may not bear any relationship to last year's earnings levels / earnings for the same quarter of last year etc.
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