Underpayment Tax Penalty

Estimated tax payments: Who owes them and when is the next one due?

Capital Gains, Dividend Distribution, Estimated Tax Payments, Federal Taxes, Income Tax, Small Business / Douglas Freeman

If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This is the case if you receive interest, dividends, self-employment income, capital gains or other income. Here are the applicable rules for paying estimated tax without triggering the penalty for underpayment. When are […]

Estimated tax payments: Who owes them and when is the next one due? Read More »

Calculating corporate estimated tax

2022 Tax Calendar, Corporations, Quarterly Estimated Tax Payments, Tax Planning / Douglas Freeman

The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to review the rules for computing corporate federal estimated payments. You want your business to pay the minimum amount of estimated taxes without triggering the penalty for underpayment of estimated tax. Four methods. The required installment

Calculating corporate estimated tax Read More »