Form 1040-ES

Form 1040-ES

A form that an individual files with the IRS to calculate and pay taxes based what he/she believes his/her ultimate tax liability will be. In other words, one uses Form 1040-ES to estimate taxes and pay them, usually on a quarterly basis. One must file Form 1040-ES if one has income that is not subject to withholding. If the estimation is wrong, the filer may receive a refund (or pay more to the IRS) when he/she files the actual tax return.
References in periodicals archive ?
Though filing volumes of Form 1040-ES are declining, the form still represents the third largest share of the 2011 grand total.
Individual Income Tax Return, Form 1040-ES, Estimated Tax for Individuals, and Form 4868, Application for Automatic Extension of Time to File U.
Practice tip: The instructions for the 2009 Form 1040-ES, Estimated Tax for Individuals, have not been updated to reflect the changes made by the ARRA.
Or if you expect to be earning less money this year, you can use the worksheet included in Form 1040-ES to make a more accurate estimate.
Individual Income Tax Return (current year) Form 1040-ES, Estimated Tax for Individuals Form 1040 series, balance due return, U.
Form 1040-ES represents the third largest share of the 2009 grand total.
For example, the client may need to make a lump-sum estimated tax payment with Form 1040-ES, Estimated Tax for Individuals.
These differences included the fact that estimated tax payments are paid quarterly with Form 1040-ES, while extension payments are made at the return's due date and constitute an attempt to estimate a taxpayer's total income tax liability.
Official Payments Corporation (Nasdaq:OPAY) announced today that filers would be able to use the company's IRS-authorized Internet and telephone payment channels to file and pay Form 1040-ES (Estimated Tax for Individuals) through midnight on Monday.
In 2004 and 2005, Form 1040-ES makes up the third largest share of the grand total.
This booklet, as well as Form 1040-ES, can be obtained at a local IRS office, or by calling, toll-free, 800-TAX-FORM.
48 Individual estimated tax, Form 1040-ES 40,535 2.