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by dangrossman
4844 days ago
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Take last year's tax bill and divide by 4. If you pay as much in estimated taxes as the previous year's total taxes, there will be no underpayment penalty even if you owe more at the end of the year. If you end up earning less and have overpaid, you'll get a refund. You don't need an accountant to help with this. Print out the 4 payment vouchers, write in the amount you're paying, mail it with your check by the quarterly due dates. The vouchers are the last two pages of this PDF: http://www.irs.gov/pub/irs-pdf/f1040es.pdf |
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