Quarterly
“As a brand new freelancer, how do I figure out how much money to send the IRS each quarter without accidentally overpaying?”
For a brand new freelancer, quarterly IRS payments often depend on a few moving parts, including how much net self-employment income is expected, whether there is any wage withholding from another job, and what deductions or business expenses may reduce taxable income. Many people start by looking at current year profit estimates and comparing them with prior year tax patterns, then adjust as income becomes clearer during the year. The timing of client payments, uneven expenses, and any state tax obligations can also affect how much is set aside each quarter, especially when income is still unpredictable. Walking the details through with a CPA is the fastest way to know what truly applies here.
In your 90-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“My freelance income fluctuates wildly from month to month, how do I calculate estimated taxes using the annualized income installment method?”
“I just started a new side hustle in late November, do I have to make a quarterly payment in January for just two months of part-time work?”
“I am filing jointly with my spouse who has a W-2 job, do we make one combined quarterly estimated tax payment or do I file separate ones?”
“My business took a massive loss in the first quarter, do I need to submit a form proving I owe zero estimated taxes for that specific period?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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