The joys of consulting

[jducoeur]

Oh, right. One project I am *not* looking forward to this week: figuring out estimated taxes for the first time. Not the end of the world, but it's always a bit intimidating to confront paperwork I haven't dealt with before. (And never fun to hand thousands of dollars to the government.) This is, of course, made worse by the fact that I have nothing more than ballpark guesses about my expected income this year -- while my current project is hopefully going to hold steady for a while, I expect I'll eventually have to find another gig, and it's anyone's guess what things will look like then. (The issue mainly being that whether I continue to work steadily or not changes what bracket we're in -- I assume that factors into the amount I need to send.)

Ah, well -- time to roll up sleeves, download some PDFs, and make a bunch of half-assed guesses...

Comments

[goldsquare.livejournal.com]

A good tax accountant is worth it. Most seriously worth it.

[baron-steffan.livejournal.com]

TurboTax is your friend. Really. These days, I won't touch a 1040 without it. (And it's deductible.)

YMMV

[etherial.livejournal.com]

Federal Estimated Taxes are pretty easy because the error window is large.