June 1, 2015
Estimated payments are made 4 times a year. The dates are April 15th, June 15th, September 15th, and January 15th. Estimated payments are made to offset the current year’s tax liability. If you are new to making estimated payments I suggest the following:
1. Meet with a CPA.
2. Bring your prior year tax return.
3. Estimate your income for the current year.
4. List of questions concerning your potential tax liability.
Once the estimated return is completed the CPA will review a tax projection worksheet with you and provide estimated payments which will include the amounts and dates the payments are to be made.