I started dancing in late August of 2014 and I had no idea that quarterly payments where a thing. I just planned on filling as an IC in January (now). I have no idea what to do and I'm kind of panicking. Any help?


I started dancing in late August of 2014 and I had no idea that quarterly payments where a thing. I just planned on filling as an IC in January (now). I have no idea what to do and I'm kind of panicking. Any help?





Don't worry about it. Your first year, you are exempt from paying quarterly estimates. Just start filing this year's and you'll be fine. Make sure you have the $$'s to pay last year's taxes though.
HTH
Z


Thanks! I've save up more than enough to pay my taxes so I should be okay.
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