Estimated Tax


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Related to Estimated Tax: estimated tax return

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

Taxes paid to the IRS on a quarterly basis on all income not subject to withholding. Estimated taxes most prominently affect self-employed persons, but they must also be paid on alimony, rents, and capital gains. Persons who file estimated taxes must also file 1040 forms and, if necessary, pay any taxes they may have underpaid on their estimated taxes.

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.

Estimated Tax

The amount of tax a taxpayer expects to owe for the year after subtracting expected amounts withheld and the amount of any expected credits.
References in periodicals archive ?
The treatment of overpayments on past jointly filed tax returns is similar to the IRS's guidance for estimated tax payments.
Specifically, the authors of this item found that when explicitly offered the opportunity to make smaller, monthly estimated tax payments rather than larger quarterly payments, many taxpayers will opt to make monthly payments, and that adopting this option generally reduces the likelihood of the taxpayers' incurring a delinquency penalty (Chambers and Curatola, "Could Increasing the Frequency of Estimated Tax Payments Decrease Delinquency Rates Among the Self-Employed?
The small business community will not be suckered into paying a higher price for reform of the estimated tax payment mess.
Check your My FTB Account - Check your My FTB Account on our website to get information such as your estimated tax payments, any balances due, state W-2 information, or FTB issued 1099 forms.
If the taxpayer is filing a carryback claim on Form 1045, Application for Tentative Refund, or 1139, Corporation Application for Tentative Refund, these overpayments can be applied to a current year's estimated tax payments as well.
Generally, individuals must make estimated tax payments if they expect to owe at least $500 ($250 if married/RDP filing separately) in tax for 2010 (alter subtracting withholding and credits), and they expect their withholding and credits to be less than the smaller of:
The cost of using it is far less than the IRS penalties incurred by self-employed earners who fail to make timely estimated tax payments," Weltman says.
Under IRC [section] 6654, a taxpayer must pay estimated tax if both of the following apply:
Taxpayers may make payments for Form 4868 Automatic Extension of Time to File a Return, Installment Agreement, Form 1040ES Estimated Tax, Form 1040 (including 1040A, 1040EZ) Balance Due Return, Balance Due Notice, or prior tax year payments.
SALT LAKE CITY, March 30 /PRNewswire/ -- The first federal estimated tax payment for 1994 is due by April 15, 1994, an IRS spokesperson said today.
In addition, corporations must focus on ACE in order to make meaningful projections of 1990 and future tax liability and FASB 96 tax accruals, as well as for 1990 estimated tax payments.
For example, consider paying both real estate tax installments this year or making your last state estimated tax payment in December instead of waiting until January 15, 2005.

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