Estimated Tax Forms
Estimated taxes are a system employed by the Internal Revenue Service (IRS) in the United States to ensure a steady influx of revenue throughout the year. This mechanism requires individuals, including self-employed workers and those with substantial non-wage income, to make periodic tax payments on their anticipated annual income. Typically, taxpayers are required to make quarterly payments, and the amounts are calculated based on an estimate of the total tax liability for the year. The IRS provides guidelines and forms to assist taxpayers in determining their estimated tax obligations. It is crucial for individuals to make accurate and timely estimated tax payments to avoid penalties and interest charges. As of January 1st 2024 the underpayment of estimated tax penalties goes from 3% to percentage to the new percentage of 8%.
We can help you figure out this amount and get in your payment in on time, January 15th 2024.
Once payment is made you will receive an email from email@example.com that will include an AUTH Code, once you have this code click on “Redeem Services” button to have your paperwork completed.