Did you pay the IRS your Second Quarter Estimated Tax Payment?

rajneet

Company Director, EA
Staff member
Have you made your second quarterly estimated tax payment?
If you have not made your payment, you may be subject to fees and penalties.

Who has to make quarterly estimated tax payments?
Independent contractors, business owners, sole proprietors, partners, and S corporations that are expected to owe over $1,000 when filing their return. To check whether or not you are required to make quarterly tax payments, click on the following link.

How do I pay my quarterly estimated tax payments?

In order to make your quarterly estimated tax payment, you can look to Form 1040-ES for help. Once you have figured out how much you owe, you can make an electronic payment through the IRS Direct Pay process. You may also make payments via your debit or credit card; however, keep in mind that there are fees applied when you choose to pay by card.

The next quarterly estimated tax payments are due September 15, 2021 so make sure you are ready to submit payment by then. For more information on this topic, check out this article.
 
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