The 1040_ES forms are due Jan15,Apr15,Jun15,Sep15. That's 4months, 3 months, 2 months, or 3 months, instead of 3 months each. Why does the IRS define "qaurterly" as 2 months or 4 months?
2007-06-14 05:44:46 · 5 answers · asked by Hgldr 5 in Business & Finance ➔ Taxes ➔ United States
The April 15th payment isn't due in March because many taxpayers use there prior year return (due April 15) to calculate estimates for the following year. The final payment isn't due until January, which allows taxpayers to take into cosideration all income for the year, including investment income which often happens in December.
2007-06-15 01:59:09 · answer #1 · answered by Chaney Lake Girl 2 · 0⤊ 0⤋
April 15th covers Jan, Feb, March
June 15 covers April, May and June
Sept 15 covers July, Aug, Sept
Jan 15 covers Oct, Nov, and December
2007-06-14 12:58:42 · answer #2 · answered by Rob 7 · 0⤊ 0⤋
Because the June 15th date gets them money before the end of the fiscal year (June 30).
The Jan 15, is instead of December 15 baecause it is the middle of the holiday period. They don't want to appear to be a Scrooge at Christmas.
2007-06-14 13:48:52 · answer #3 · answered by Tim 7 · 0⤊ 0⤋
The IRS is taking into account the April 15 filing deadline for regular taxes and trying to be nice and not bomb you with too many deadlines.
2007-06-14 12:50:46 · answer #4 · answered by Ted 7 · 0⤊ 0⤋
This is the federal government. What do you expect?
This is "close enough for goverment work".
2007-06-14 16:17:06 · answer #5 · answered by r_kav 4 · 0⤊ 1⤋