Quarterly
“My freelance income fluctuates wildly from month to month, how do I calculate estimated taxes using the annualized income installment method?”
For freelancers whose income changes a lot during the year, the annualized income installment method is often discussed as a way to align estimated tax payments more closely with when income is actually earned. The calculation usually depends on the timing of receipts, deductible business expenses, and any other income sources that affect the quarterly picture. It can also be influenced by withholding, self-employment tax, and whether income is concentrated in certain months. Because the method uses period-by-period figures, keeping organized records throughout the year is often a key part of making the numbers work. Working through the specifics with a CPA is the cleanest way to land on the right move.
In your 60-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.
“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?”
“I accidentally made my quarterly estimated tax payment under my personal SSN instead of my business EIN, how do I get the IRS to fix this?”
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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