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Tax Withholding

Having taxes voluntarily withheld can relieve you from the duty to make quarterly estimated tax payments. If you fail to make estimated payments and are required to do so, the IRS assesses a penalty. Another reason to choose to have taxes voluntarily withheld is that you will have been paying taxes all year and won't be left with a large tax bill at the end of the year.

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As an independent contractor, do I have to make quarterly estimated taxes?

As an independent contractor, do I have to make quarterly estimated taxes?| Gulf Beaches Law, P.A. | Estate Planning, Eviction, Tax and Business Law Firm | Karen S. Keaton, Esquire | http://gulfbeacheslaw.com/ | 727-822-2200 | 2816 Beach Boulevard South, Gulfport, Florida 33707

An independent contractor is responsible for paying their own taxes and, therefore, are subject to the estimated tax payment rules, just as any other individual would be. Failure to pay quarterly tax estimates, if they...

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Got Taxes (Litman Associates): Making Estimated Tax Payments

John Litman of Got Taxes provides guidance through the maze of Estimated Tax Payments: When to make them, How much to pay, and What to do to avoid having to pay penalties to the IRS. Got tax questions? Check out www.gottaxes.com.

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From: Got Taxes

Related topics : penalty for not making estimated tax payments / make estimated tax payments / irs estimated tax payments / check estimated tax payments / make payment to irs for taxes

Tax Withholding

Having taxes voluntarily withheld can relieve you from the duty to make quarterly estimated tax payments. If you fail to make estimated payments and are required to do so, the IRS assesses a penalty. Another reason to choose to have taxes voluntarily withheld is that you will have been paying taxes all year and won't be left with a large tax bill at the end of the year.

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From: taxanswers1

Related topics : penalty for not making quarterly estimated tax payments / make quarterly estimated tax payments / making estimated tax payments to the irs / make estimated tax payments / irs required estimated tax payments

Should you file an extension for your personal tax return? and how to file your own 4868 extension

Hector Garcia, CPA discusses filing an extension and making estimated tax payment by April 15th to avoid penalties.

All tax penalties explained (individuals and corporations)

https://www.youtube.com/watch?v=KjiMbX6w5zw

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From: Hector Garcia CPA

Related topics : file tax return extension / penalty for not making estimated tax payments / filing estimated tax payments / make estimated tax payments / individual estimated tax payments

As an independent contractor, do I have to make quarterly estimated taxes?

As an independent contractor, do I have to make quarterly estimated taxes?| Gulf Beaches Law, P.A. | Estate Planning, Eviction, Tax and Business Law Firm | Karen S. Keaton, Esquire | http://gulfbeacheslaw.com/ | 727-822-2200 | 2816 Beach Boulevard South, Gulfport, Florida 33707

An independent contractor is responsible for paying their own taxes and, therefore, are subject to the estimated tax payment rules, just as any other individual would be. Failure to pay quarterly tax estimates, if they...

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From: Gulf Beaches Law, P.A.

Related topics : penalty for not making quarterly estimated tax payments / make quarterly estimated tax payments / penalty for not paying quarterly estimated taxes / individual quarterly estimated tax payments / pay quarterly estimated taxes

Are Quarterly Estimated Tax Payments Really Needed?

Find out more about quarterly estimated tax payments. How much should my quarterly payment be and what happens if I do not make payments? What are a 3 safe harbors to help you avoid penalties? Always remember, do not pay in more taxes than you have to.

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From: NASE Minute

Related topics : who needs to make estimated quarterly tax payments / penalty for not making quarterly estimated tax payments / quarterly tax payment penalty / what quarterly tax payments / penalty for not paying quarterly estimated taxes

Get It Done || 63 Year Old Professor

56. Estimated Tax Requirement. Zeta Corporations taxable income for 2014 was .5 million, on which Zeta paid federal income taxes of ,000. Zeta estimates calendar year 2015s taxable income to be million, on which it will owe ,000 in federal income taxes. a. What are Zetas minimum quarterly estimated tax payments for 2015 to avoid an underpayment penalty? b. When is Zetas 2015 tax return due? c. When are any remaining taxes due? What amount of taxes are due when Zeta files its return assuming...

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From: Fjd F

Related topics : estimated income tax payments 2015 / quarterly tax payments due 2015 / income tax return due / penalty for not making quarterly estimated tax payments / estimated tax payments due

stimated Tax Requirement. Zeta Corporation\u0092s taxable income for 2014 was .5 million, on which Zeta paid federal income taxes of ,000. Zeta estimates calendar year 2015\u0092s taxable income to be million, on which it will owe ,000 in federal income taxes. a) What are Zeta\u0092s minimum quarterly estimated tax payments for 2015 to avoid an underpayment penalty? b) When is Zeta\u0092s 2015 tax return due? c) When are any remaining taxes due? What amount of taxes are due when Zeta files its...

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From: fv dc

Related topics : estimated income tax payments 2015 / income tax return due / quarterly tax payments due 2015 / federal income tax filing requirements / corporate tax returns due

Tax Filing Status, Rate Tables and Formula, and Penalties

(45) Charles and Joan Thompson file a joint return. In 2014 they had taxable income of $92,370 and paid tax of $14,806. Charles is an advertising executive, and Joan is a college professor. During the fall 2015 semester, Joan is planning to take a leave of absence without pay. The Thompson’s expect their taxable Income to drop to $70,000 in 2015. They expect their 2015 tax liability will be $9,581 which will be approximate amount of their withholding. Joan anticipates that she will work on...

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From: Pamela Vest

Related topics : estimated income tax payments 2015 / income tax return 2015 / penalty for not making estimated tax payments / tax return estimator 2015 / estimated tax payments required