2nd Quarter 2019 Estimated Tax Payment Due

If you do not have taxes withheld from your income, you may need to make estimated tax payments with Form 1040-ES by June 17.  This may apply if you have income such as self-employment, interest, dividends or capital gains.  It could also apply if you do not have enough taxes withheld from your wages.  If you […]

1st Quarter 2019 Estimated Tax Payment Due

If you do not have sufficient taxes withheld from your income, you may need to make estimated tax payments with Form 1040-ES by April 15.  This may apply if you have income such as self-employment, interest, dividends or capital gains.  It could also apply if you do not have enough taxes withheld from your wages. […]

Estimated Tax: Minimum Payment

IRS Waives Estimated Tax Penalty

Posted Posted in Latest News

IRS Waives Penalty for Many with Short Witholding or Estimated Tax Payments The Internal Revenue Service (IRS) announced on January 16, 2019 that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. The IRS […]

4th Quarter 2018 Estimated Tax Payment Due

If you do not have taxes withheld from your income, you may need to make estimated tax payments with Form 1040-ES by January 15, 2019.  This may apply if you have income such as self-employment, interest, dividends or capital gains.  It could also apply if you do not have enough taxes withheld from your wages.  If […]

3rd Quarter 2018 Estimated Tax Payment Due

If you do not have taxes withheld from your income, you may need to make estimated tax payments with Form 1040-ES by September 17.  This may apply if you have income such as self-employment, interest, dividends or capital gains.  It could also apply if you do not have enough taxes withheld from your wages.  If you […]

Form 1040 of 1941

The New Postcard Return that Never Was?

Posted Posted in Latest News

Treasury Secretary Steven Mnuchin said that the new promised postcard return will be released this week. The New York Times has reportedly obtained a draft of the new Form 1040 and posted it in their news article on Monday. The current two-page form is condensed into one page by introducing various new schedules that need […]

2nd Quarter 2018 Estimated Tax Payment Due

If you do not have taxes withheld from your income, you may need to make estimated tax payments with Form 1040-ES by June 15.  This may apply if you have income such as self-employment, interest, dividends or capital gains.  It could also apply if you do not have enough taxes withheld from your wages.  If you […]

1st Quarter 2018 Estimated Tax Payment Due

If you do not have sufficient taxes withheld from your income, you may need to make estimated tax payments with Form 1040-ES by April 17.  This may apply if you have income such as self-employment, interest, dividends or capital gains.  It could also apply if you do not have enough taxes withheld from your wages. […]

4th Quarter 2017 Estimated Tax Payment Due

If you do not have taxes withheld from your income, you may need to make estimated tax payments with Form 1040-ES by January 16, 2018.  This may apply if you have income such as self-employment, interest, dividends or capital gains.  It could also apply if you do not have enough taxes withheld from your wages.  If […]

3rd Quarter 2017 Estimated Tax Payment Due

If you do not have taxes withheld from your income, you may need to make estimated tax payments with Form 1040-ES by September 15.  This may apply if you have income such as self-employment, interest, dividends or capital gains.  It could also apply if you do not have enough taxes withheld from your wages.  If you […]