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Estimated Tax Payments

If you own a business that is profitable, it is likely that you will have to make estimated tax payments. There are few industries that are exempt from this, but for the majority of us, this rule applies. Failure to tender these payments results in a penalty for not pre-paying taxes. Estimated payments are also important should you run into trouble with the IRS when requesting for tax forgiveness. With good compliance procedures, determining your quarterly amount is quite simple. This is why I always push for having good books and having EFTPS set up. EFTPS or The Electronic Federal Tax Payment System® allows taxpayers to make their quarterly estimated payments online. Taxpayers may also use this system to set payments for the whole year. Thus, relieving their stress at each quarter due date.

Below is a graph of the estimated tax due dates and period they cover. Should you have any questions, feel free to reach out to us at 972.764.3301. We love taxes, and we'll be more than happy to help you.


These materials have been prepared by Le Tax Law, PLLC for informational purposes only. They are not intended to be and should not be considered legal advice.

Transmission of the information is not intended to create, and receipt does not constitute, an attorney-client relationship. Internet subscribers and online readers should not act upon this information without seeking professional counsel. Prior legal successes do not ensure future results.

The information contained in this website is provided only as general information which may or may not reflect the most current legal developments. This information is not intended to constitute legal advice or to substitute for obtaining legal advice from competent, independent, legal counsel in the relevant jurisdiction.

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