Anyone with income from a farming or fishing business may be able to avoid making any estimated tax
payments by filing their 2017 return and paying the entire tax due on or before March 1, 2018.
When a couple have filed joint returns in the past and file separate returns in the current year due to a divorce, estimated tax
payments for the current year are typically credited to the first person listed on the previous year's joint tax return.
Assuming your income for the year is evenly distributed, you should make four equal estimated tax
Taxpayers are generally required to pay estimated tax
if failure to pay would result in an underpayment (see below) of federal income tax.
Self-employed persons (and some employees) are generally required to file an estimated tax
return and pay the estimated tax
themselves, in either a lump sum or in installments.
The amount received from the July estimated tax
bill will appear as a credit against the actual bill.
5 percent of the estimated tax
installment due on September 15 is now due October 1.
5 million in estimated tax
revenues - a conservative estimate, according to an internal audit conducted by the city.
Also, for many taxpayers who claimed the Chin lax Credit last year, the Treasury mailed checks as an advance payment of the credit's increase, The new tax law also lowered the tax rates for long term capital gains and qualifying dividends, allowing taxpayers to reduce their estimated tax
payments for the year following May 2003.
Whereas prior research has taken the taxpayer's prepayment position as exogenous, this study extends the literature by incorporating the estimated tax
payment decision into a tax compliance game.
Increase Withholding To Avoid The Imposition Of An Underpayment Penalty: Individuals who have underpaid an estimated tax
installment are subject to a nondeductible penalty.
For estimated tax
purposes, New Jersey uses a "last year's facts--this year's rates" safe harbor.
In November 1991, Congress repealed the estimated tax
safe harbor for certain individuals and small businesses.
payments - Starting in 2009, estimated tax
payments for the first and second quarters increase from 25 to 30 percent.
Make a payment of your estimated tax
for 2016 if you did not pay your income tax for the year through withholding (or did not pay enough in tax that way).