Any taxpayer that owes $1,000.00 or more on their most recent tax return must pay estimated taxes.\u00a0 Estimated tax payments are tax pre-payments that must be made throughout the year, before the return is filed, to make the IRS feel better about collecting their taxes from you.\u00a0 In order to determine how much estimated taxes you need to pay, be sure to use Form 1040-ES.<\/p>\n
A taxpayer usually must pay estimated taxes when they have a life change, such as a marital status change, birth of a child, or a change in employment.\u00a0 To pay your estimated taxes, you can mail your payment, pay online, or pay over the telephone.<\/p>\n
If you are unsure about your tax situation or are in need of tax assistance, feel free to contact our office at 816-524-4949 or www.Hoorfarlaw.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Any taxpayer that owes $1,000.00 or more on their most recent tax return must pay estimated taxes.\u00a0 Estimated tax payments are tax pre-payments that must be made throughout the year, before the return is filed, to make the IRS feel … Continue reading