Q4 ES Tax Payment Due: January 15
For those who opted for quarterly estimated tax payments, the next payment due is January 15th. Be sure to have postmarked your quarterly payment obligation by this date.
You can pay online via the following link:
🔗 https://directpay.irs.gov/directpay/payment?execution=e1s1
Or if you are mailing your payment:
Refer to your Estimated Tax payment schedule summary with the voucher(s) that were printed for you at the tax office. Simply call us if you need for us to reproduce this for you, or complete the following blank voucher:
🔗 https://www.irs.gov/pub/irs-pdf/f1040es.pdf
Mail it to the following address by January 15:
📬
Internal Revenue Service
P.O. Box 931100
Louisville, KY 40293-1100
Estimated Tax Quarterly Payment Schedule | |
Quarter | Due Date |
1st – January 1 – March 31 | April 15 |
2nd – April 1 – May 31 | June 15 |
3rd – June 1 – August 31 | September 15 |
4th – September 1 – December 31 | January 15 (of next year) |
🔗 Click To Pay Online Via IRS Secure Website |
For those of you wondering, “What are estimated tax payments?”
Maybe you were not one of the lucky few who had a refund last tax season but owed at the end of the year. This could be due to earnings outside of traditional withheld sources from W-2’s, like self-employment or 1099 contractual sources. Perhaps your withholdings did not reflect accurately upon your complete household scenario.
Quarterly tax payments are the estimated tax earnings for which you would be responsible, broken up into 4 parts, paid quarterly throughout the year. This should reduce the amount owed next Tax Season.
For additional forms not discussed, please visit the IRS website.
Again, to avoid penalties, postmark your mailed payment and ship via the appropriate deadline date outlined above. If paying electronically online, you have until 8pm on the deadline date to pay via the IRS Direct web service.
📧 Spread the word within your community and link back to this article for those who require additional information. Stay in the know with PAS News & Client Announcements.
🔗 Linked below are additional resources and original articles cited.
📰
USA Today – Feb. 25th, 2017:
https://www.usatoday.com/story/money/personalfinance/2017/02/25/who-should-pay-quarterly-estimated-taxes/98242512/
IRS Resource ~ When To Pay Estimated Tax (Individuals)
IRS Resource ~ Estimated Taxes
Assumptions made in this article include: You are a current PAS Tax, North Carolina residing customer; you are paying last quarter 2017 Federal Estimated tax voucher printed in our office.