2nd Estimated Payment Due June 16th
- Shelley Morales
- May 31
- 1 min read
To avoid underpayment penalties from the IRS, you should make estimated payments each year.
Please review your tax return to determine your estimated payments for this year. If there has been a change in your income and you receive W2 income, you may opt to adjust your Federal withholding by submitting a W4, rather than making estimated payments. We are available to assist you in estimating your taxes and determining the appropriate amount to withhold. Additionally, we can prepare the W4 form for you to provide to your employer.
If you are self-employed, these dates are crucial for you because taxes are not automatically deducted from your earnings.
PUT THESE DATES ON YOUR CALENDAR & the payments in your budget!
April 15th - 1st estimated payment (if you didn’t pay this, you should pay with subsequent payments)
June 16th - 2nd estimated payment
Sept 15th - 3rd estimated payment
Jan 15th - final estimated payment (Ask about Safe Harbor payments).
Contact us today to arrange a consultation for your tax review. Acting promptly can help you avoid unexpected tax liabilities and penalties next year.
Shelley H. Morales is your Hometown Accountant!
352-358-1413 (text/call)
Comentarios