Tax No Tuesday Episode 74: What is the Penalty for Not Paying Estimated Taxes?
Welcome to Tax No Tuesday!! Estimated tax payments are generally required, if you expect to owe $1,000 or more when the return is filed. If your income is received unevenly during the year, you may be able to avoid or lower the penalty by annualizing your income and making unequal payments. Resource: www.irs.gov/ Bonus! Subscribe on our You Tube channel for other Tax, Payroll & Bookkeeping Videos: WYCOTAX FREE Tax, Payroll & Bookkeeping CHECKLISTS: wycotax.com/tax-bookkeeping-checklists/ Having your own business should be fun. Instead of spending a lot of time and money on jobs you can outsource, why not entrust the technical aspects of your business to someone professional and competent? WYCOTAX make your business easier by working on your taxes, payroll, and bookkeeping needs. Call us TODAY! Disclaimer: This material has been prepared for informational purposes only and is not intended to provide and should not be relied on for tax, legal and accounting advice. WYCOTAX, LLC is an outsource tax, payroll and bookkeeping company and not associated with any.
