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
This guide explains, in simple terms, the legal requirements for a last will and testament Florida residents should know, based on current Florida estate laws.
Understand when a will must go through probate in Florida, how probate works, and situations where estates can avoid court to save time and costs legally fast!
Learn the timeline for Florida Formal Administration probate, key steps involved, required filings, and how long stages typically takes from start to finish!!
Wondering who owns a property placed in a trust? Learn how trusts work, the role of trustees and beneficiaries, and what happens when you put your house in a trust.
Discover the best estate planning tips to protect your assets and legacy. Learn how to set up an estate with guidance from The Law Office of Mary King P.L.
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
