Why Making Quarterly Estimated Tax Payments Matters
It is important to make quarterly estimated tax payments if you are self employed. The IRS believes that the tax system is a pay as you go system, meaning when you file your tax return in April, you should not owe any taxes. They should have previously been paid, whether through estimated tax payments or through withholding if you’re a wage earner.
IRS Or Pay The Taxes
If you don’t make your quarterly estimated tax payments you could end up owing when you file your tax return in April, and then you would have to set up either a payment agreement with the IRS or pay the taxes in full to be in compliance.
Recent Posts
In this guide, we’ll break down what a living trust is, how it works, the types of living trusts, and how it compares to a will. Call our Trust Attorney today
In this guide, we’ll explain what is power of attorney, the steps to get power of attorney, and how to use a power of attorney in the United States. Call Now!
Discover the key differences between estate planning and probate, how they work, and why planning ahead can save time, money, and stress for your loved ones.
Learn the key differences between a Durable Power of Attorney and a General Power of Attorney. Learn which one protects you best in case of illness or incapacity
This guide will explain the different types of Wills, how they work, and help you decide which one might be best for you. Contact our will attorney today!
Categories
- About Mary
- Client Reviews
- Filing Taxes
- IRS
- IRS Problems
- Local Events
- Paying Taxes
- Plan Ahead
- Tax Attorney
- Tax Debt
- Tax Deductions
- Tax Law
- Tax Obligation
- Tax Preparation
- Tax Reform
- Tax Refund
- Tax Scams
- Taxation
