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estimated tax

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Estimated tax

Tax to be paid quarterly on income that is not subject to withholding tax, including self-employed income, investment income, alimony, rent, and capital gains.

estimated tax

The estimated tax liability on income that is not subject to withholding. Individuals with even moderate investment income are generally expected to file a declaration of estimated tax and to pay quarterly installments on the estimated tax liability.

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References in periodicals archive

Underpayment Penalty

Individual income taxpayers in these states and the District of Columbia also have until April 17, 2007, to make Federal tax payments otherwise due on April 16, 2007, including the first installment of estimated tax for tax year 2007.

Filing deadline by Laffie, Lesli S. / The Tax Adviser

These help us track clients' estimated tax payments to minimize tax agency notices of over- or underpayment.

Tax season defanged: year-round attention to your tax preparation ... by Mendlowitz, Edward / Journal of Accountancy

5 million in estimated tax revenues - a conservative estimate, according to an internal audit conducted by the city.

RESIDENTS BACK CARUSO, PLAN STRONG SUPPORT EXPRESSED AT COUNCIL ... by Daily News (Los Angeles, CA)

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