Skip to content

The links to products and services featured on this site are from companies which we may receive compensation.

Full Disclosure

Deadline Approaching for First Quarter Estimated Tax Payments

  • by

The Internal Revenue Service (IRS) has issued a reminder that April 18 is the deadline for first quarter estimated tax payments for the tax year 2023.

Individuals and businesses that do not have taxes withheld or do not have enough taxes withheld by their employers throughout the year must make these payments.

This includes self-employed individuals, retirees, investors, corporations, and others.

Income taxes in the US are paid on a pay-as-you-go basis, which means taxes must be paid as income is earned or received during the year.

Estimated tax payments help individuals and businesses avoid penalties by ensuring they pay taxes on income not subject to withholding, such as interest, dividends, capital gains, alimony, and rental income.

Form 1040-ES, Estimated Tax for Individuals, provides instructions for calculating estimated taxes, and payments can be made electronically through the IRS website.

The IRS urges taxpayers to use its Tax Withholding Estimator tool to ensure the right amount of tax is withheld from their paychecks.

This article, “Deadline Approaching for First Quarter Estimated Tax Payments” was first published on Small Business Trends

…Read MoreSmall Business NewsSmall Business Trends

Leave a Reply

Generated by Feedzy

ADVERTISER DISCLOSURE:

We have two goals here at Cornerstone Web Devlopers llc (CWD):

1st: Provide well-defined services to other small businesses with no hidden costs, and no surprise fees.

2nd: We are in business to make money. So. In addition to the website packages we sell, we are also leveraging our working understanding of products that we have used/are using/or have thoroughly researched to use in every capacity of our CWD business ventures. That’s where the affiliate links come in.

Our promise to you is that no recommendations we publish, or allow to be published, will be driven by the compensation. If we have an affiliate link on one of our pages it is there either because we’ve thoroughly researched the product our self, are currently using it, or have used it in one of our business websites or to conduct the business of our small business.

Where you can please support us, by clicking the links. However, please always remember our primary goal is to provide well-defined services to other small businesses with no hidden costs, and no surprise fees.

Thank you.