I expect to owe a large tax bill for my consulting business, can I just choose to pay the penalty at year-end instead of dealing with quarterly filings?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

For a consulting business, the choice between quarterly estimated payments and waiting until year-end often depends on how income is earned, how much tax is already being withheld, and whether the business is operating as a sole proprietorship, LLC, or corporation. In many cases, the IRS looks at es For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.