Estimated Tax Payments Explained (Complete Guide)

The IRS should just send out the ARMED agents.... Hopefully they'll get exactly what they are entitled to.

Awesome! Thank you.

Good. Video but to confirm, my employer with held taxes but I still owed 4k even though I paid taxes and I am not a self employer so do I have to pay? Had no tax liabilities for the prior years and meant the other conditions, so do I pay estimated taxes?

Can you change the payment amount each quarter based on your current sales, or must it be the same amount each quarter?

Thx man

What if you don't owe more than 1000$ in taxes until you reach the third quarter of the year?

and finally if you don't pay your taxes, you go to jail. lmao

What if a retired individual had IRA distributions and CD/savings accounts interest for the year, was unaware and therefore did NOT withhold taxes or make any estimated taxes for Tax Year 2022, is there anything this individual can do now to avoid IRS penalties and interest?

What is tax liability?

I was self employed and not paying quarterly taxes for years,,,,, nothing happened, why?

Great video! So do i have to file any info online with the irs or just send them some money and then file at the end of the year?

I am not self-employed but I now pay quarterly tax payments because the W9 allowances system is broken. I take zero allowances but it’s not enough. Used to be ok but ever since the bogus “tax cuts” of 2018 I now pay MORE tax thanks to the $10k cap on the State & Local taxes deduction.

Hi, Thanks for your video. Im residents & d like to ask if I received only $12 as dividends on the 1st quarter without any investment gain , what should I do with the 2022 worksheet to IRS? I have no any other self-income.

Okay but what if you're just starting out and there is no previous year to refer to?

The more you learn the less angry you feel.

Do you pay your quarterly tax payments using your business bank account or your personal bank account? Please I’m so confused!

thanks for video it's informative one

So if I received a refund the previous year prior to starting my own sole proprietorship, does that meet the definition of "no tax liability" and I do not have to pay quarterly taxes the first year?

So is the quarterly payment for the previous year's tax liability or the current years running tax liability?

Do you have to pay quarterly if it is your first year?

Do I have to pay these if I have a Facebook markeprlcae reselling business?

If I understand that if I rollover a traditional IRA into a roth ira then I owe estimated taxes. I'd like to pay the taxes from this rollover monies. Can I pay the taxes from the roth AFTER the rollover? or do I have to do a 'withholding' from the traditional?

What’s tax liability?

So this is all base on last year? Doesn't matter if you owe more than 1k this year?

Thank you

Thanks for the information.