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| I have a full time job as a w-2. I started a consulting job on the side as a 1099 in August of this year. My estimate gross earnings as a 1099 from August to the end of this year would be about $6000. It seems the quarterly estimated tax payments are due on 1/15, 4/15, 4/15, and 12/15. Since I started in August, was I supposed to pay on 9/15 or can I pay by 1/15 next year? If 9/15 is the answer, is it too late to pay now to avoid the penalties? |
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| You have 6 weeks left in 2009. go bump your W-4 to increase the amount withheld to bring your total withholding for 2009 to be more than your tax bill in 2008. that will be a safe harbor and get you off the hook. (You need to bump the money by about $1800.) |
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