The IRS sent me the 1040-ES form and don't know what to do about it. It didn't come with a letter or memo telling me what I need to do. It was just the form with some vouchers. Am I required to make payments or can I just ignore it and pay my taxes in full at the end of the year?
2007-06-14 14:01:38 · 3 answers · asked by lnn1205 1 in Business & Finance ➔ Taxes ➔ United States
Taxes are due and payable 15 April. No exceptions, unless you make arrangemetns with the IRS.
If you are filing as a business corporation or partnership, you have to file and pay by 15 March.
If you received payment coupons, then you ned to use them quarterly. No penalties will be assessed that way...otherwise, you will have penalties and interest..and they arent nice about them either :(
2007-06-14 14:13:09 · answer #1 · answered by Lynne 3 · 0⤊ 0⤋
If you're going to owe less than $1000 at the end of the year, then you can just pay it then. But if you expect to owe more than that, you should make quarterly payments. You have to estimate what your taxes will be, then make sure that around 1/4 of the total is paid in for each quarter.
2007-06-14 14:34:47 · answer #2 · answered by Judy 7 · 2⤊ 0⤋
dont pay at all, there is no law stating you have to pay any income tax of any kind, look it up; or you can just give your money away...(since your such a nice person;)
2007-06-14 14:09:43 · answer #3 · answered by karyzmatik87 2 · 0⤊ 2⤋