Estimated tax payments…

Estimated tax payments are due on September 15th. In order to avoid penalties for failing to make estimated tax payments, you need to pay 90% of the current year’s tax, through these estimated tax payments or through withholding or a combination of both. Alternatively, you could pay 100% or 110% of the prior year’s tax obligation. listen

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About the author

Seattle CPA+John Huddleston has written extensively on tax related subjects of interest to small business owners. Since 2002, he has owned his own small business, Huddleston Tax CPAs. He is a graduate of Washington State University and the University of Washington School of Law.

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