Pay Taxes The Convenient Way
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Transcript of Pay Taxes The Convenient Way
Explain estimated tax payments Who has to Pay Why Its Crucial Estimating income Electronic Federal Tax Payment system
Estimated tax is the method used to pay tax on: Untaxed earnings Self-employment Rents Unemployment and SS benefits without voluntary
withholding, Pay Taxes 4 times a year January April June September
You do not want to go to prison You can’t afford the penalties and interest You do not want assets to be garnished In your older years you do not want the tax
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Online Payment System Internet can help you organize your business
Make Payments electronically
Secure, Easy and Convenient
Funds Move out of your account on the date you select
Form 1040-ES (PDF) helps you calculate Use Prior Year as a Guide Income, deductions, credits include it all Do not underpay taxes
Interest and penalties