Estimated Payments

DISCLAIMER: I am a CPA, but I am not your CPA. This article is for informational purposes only and is not tax or legal advice, nor can be relied upon as such. The author is not liable for any losses related to actions or failure to act related to the content of this article. If you need specific tax advice consult with a CPA who specializes in your subject matter and taxing jurisdiction.

If you found yourself owing at tax time this year, then be proactive for 2020 to keep yourself out of the same situation, by paying in quarterly estimated tax payments.

In today’s episode I will be discussing which taxpayers need to be making estimated tax payments. I will also cover how to estimate the amount to pay and how to make the actual payments.

Listen to the Podcast


Links & Resources

  1. Mail in a check with Form 1040-ES

  2. Use the IRS Direct Pay to pay directly from your checking or savings account

  3. Pay by credit or debit card. You will be charge a fee for this service.

  4. Pay via the mobile app IRS2Go

  5. Pay via EFTPS, pre-registration required

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