I work as a contractor and I'm filing through TurboTax this year in the US.
I owe just over $1100 this year. I've always been in the green before this year - always received a refund.
The report that was generated just before I file has notes about due dates for payments, 4 equal payments spread 3 months apart.
I didn't select the payment plan option from Turbo Tax, and was expecting to have to pay the lump sum. (oh, I've been dreading it.)
If I continue with the file, will the IRS take the whole amount of the taxes or will they pull the amount from my checking account at those dates?
I recognize this is a green question - just looking for some basic reference material for my situation.
Turns out this question is very similar to this one: Are paying tax vouchers required?