Quarterly tax payments

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Re: Quarterly tax payments

by directpay » Sun Feb 25, 2018 2:41 pm

The link for direct pay: https://www.irs.gov/payments/direct-pay

Re: Quarterly tax payments

by Yasss » Sun Feb 25, 2018 12:42 pm

yourewelcome wrote:You can just make payments based on what you estimate to owe. You don't need to fill out a form, but I believe the website prompts you to provide information about your previous tax return and how you will file in 2018 (single, married etc.) When it comes time to do taxes, you can provide your CPA with a quarterly payment transcript (also on the IRS website) to show them what you paid. They can add it to your tax form. Online tax software also should have an option to add in the amount you have already paid (I know turbotax does).

What’s the link?

Re: Quarterly tax payments

by yourewelcome » Sat Feb 24, 2018 6:35 pm

You can just make payments based on what you estimate to owe. You don't need to fill out a form, but I believe the website prompts you to provide information about your previous tax return and how you will file in 2018 (single, married etc.) When it comes time to do taxes, you can provide your CPA with a quarterly payment transcript (also on the IRS website) to show them what you paid. They can add it to your tax form. Online tax software also should have an option to add in the amount you have already paid (I know turbotax does).

Re: Quarterly tax payments

by ThankYou » Sat Feb 24, 2018 6:03 pm

taxes wrote:On the IRS website, you can make quarterly tax payments online. They also have the schedule of days to pay by. My CPA told me how much I would owe, and I just split it in four each time. I save at least 15% of each paycheck to make the payments and used some of the extra stipends to cover it.
Do I just make the payments based off what I would owe, or do I need to hire a CPA to fill out forms and schedule payments for me?

Re: Quarterly tax payments

by taxes » Sat Feb 24, 2018 5:36 pm

On the IRS website, you can make quarterly tax payments online. They also have the schedule of days to pay by. My CPA told me how much I would owe, and I just split it in four each time. I save at least 15% of each paycheck to make the payments and used some of the extra stipends to cover it.

Quarterly tax payments

by Quarterly » Sat Feb 24, 2018 12:33 pm

How do we figure quarterly tax payments? After looking at my estimated income this year I should pay $1000 a quarter. Do you all make the quarterly payments do you just take the fine the IRS gives you?

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