Quarterly
“I haven't paid my quarterly estimated taxes all year because I forgot, what exactly happens when I file my tax return in April?”
Filing a return after skipping quarterly estimated payments often brings a few moving parts together at once. The final tax return may show a balance due, and the IRS may also assess an underpayment charge that depends on the amount owed, the timing of the missing payments, and whether enough tax was paid through withholding or other credits. The result can vary based on total income, filing status, and any payments made before filing. If the return is filed electronically, the balance and any related notices are typically calculated after the return is processed. Going through your records with a CPA usually surfaces the answer in under an hour.
In your 30-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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