What Is Estimated Tax? Taxes From A to Z®
Learn how estimated tax payments work, who needs to make them, when payments are due, and how safe harbor rules can help you avoid penalties.
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Make Your 4th Quarter Estimated Payments By January 17
Heading back to the office after the holidays is always challenging. But as you get back to work—and get busy—don’t forget to make your fourth-quarter estimated tax payments. They are due on or before January 17, 2023. Who Needs To Make Estimated Payments? Generally, you should make estimated tax payments if you are not subject…
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Need Help Figuring Your Estimated Payments? IRS Made A Video.
Estimated payments for the third quarter are due September 15, 2020. You can find out more about the deadline here. But you need a little more information, you’re in luck! The Internal Revenue Service (IRS) has, at part of its video series, a YouTube video about estimated payments: The IRS notes that you can learn…
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Don’t Forget: Your Estimated Tax Payments Are Due On September 15
It doesn’t feel like it could be September already, but it is. And you know what that means: estimated payments are now due. The deadline for making your third quarter estimated tax payments for 2020 is September 15. Who Needs To Make Estimated Payments? Generally, you should make estimated tax payments if you are not…
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Making Sense Of Estimated Tax Deadlines In 2020
Confused about your estimated payment deadline? You’re not alone. The series of events leading up to the extension for estimated payments (not once, but twice) has left many taxpayers bewildered. Here’s what you need to know. In response to COVID-19, the Internal Revenue Service (IRS) announced in March that the tax filing season had been pushed…
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State Tax Deadlines For Filing Tax Returns & Making Estimated Payments During COVID-19
On March 20, 2020, Treasury Secretary Mnuchin extended the federal income tax filing and payment deadline to July 15, 2020. This relief includes estimated payments for the first and second quarters. Some states have also extended filing and payment deadlines – but not all of them are extended to July 15, 2020. Additionally, not all…
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Ask The Taxgirl: Estimated Payments During Coronavirus
Taxpayer asks: Is the 1st 2020 quarterly still due on April 15? This means selling securities in a down market to cover that. What’s official? What’s your take? Taxgirl says: No, estimated payments are no longer due on April 15, 2020. As COVID-19 continues to impact the United States, the federal government is taking action to…
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IRS: Take Steps To Ensure A Smooth Tax Filing Season In 2020
Ready for tax season? The Internal Revenue Service (IRS) is urging taxpayers to take steps now to make sure that all goes well in 2020. So, what’s on the list towards a smooth tax filing season in 2020? Here’s what you can do now: Check your withholding and make adjustments. There are only a few…
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Taxes From A To Z (2015): U Is For Underpayment Penalty
It’s my annual “Taxes from A to Z” series! Next up: U is for Underpayment Penalty If you owe tax on Tax Day, it may not simply be enough to write a check for the tax due. Depending on how much tax you owe – and the circumstances – you may also have to pay…
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Taxes From A To Z (2013): A Is For Annualized Income Installment Method
Today, I’m kicking off my annual “Taxes from A to Z” series. As part of the series, I plan to focus on tax terms that might not get much play on a day to day basis… If you’re wondering what the heck MAGI is or how to figure out the difference between an injured spouse…
