Currently, there is no rehable way to communicate to the IRS and state taxing authorities that the
estimated tax payments belong to the spouse, even though they are under the taxpayer's Social Security number since the taxpayer is listed first.
The combination of the larger mutual fund capital gain distributions and the applicable increased tax rate has necessitated increasing
estimated tax payments and, for retirees living on fixed income, has reduced after-tax funds.
As an alternative to the required annual payment methods in the preceding paragraph, taxpayers can pay
estimated tax by paying a specified percentage of the current year's tax, computed by annualizing the taxable income for the months in the taxable year ending before the month in which the installment falls due.
Alternatively, individuals can pay
estimated tax by paying a specified percentage of the current year's tax, computed by "annualizing" the taxable income for the months in the taxable year ending before the month in which the installment falls due.
Keywords: taxpayer compliance;
estimated tax payments; tax agency; game theory.
As a result, many individuals must project their current year income for
estimated tax purposes throughout the year on the possibility that they might be subject to disqualification from existing safe harbor provisions.
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.
As a practical matter, taxpayers may pay estimated income taxes more frequently than quarterly, but this is not explicit in the Code and might not be obvious on Form 1040-ES,
Estimated Tax for Individuals, or its instructions.
The
estimated tax is payable in four installments by individuals and corporations.
Taxpayers who do not have their taxes withheld (or do not have enough withheld) may have to make
estimated tax payments.
Automatically calculate
estimated tax payments -- Easily calculate the
estimated taxes due with the current year's federal or country returns.
Affected taxpayers who faced an
estimated tax payment date on Sept.
