Who Must Pay Estimated Tax?
If you are filing as a sole proprietor, partner, S corporation shareholder, and/or a self-employed individual, you generally have to make estimated tax payments if you expect to owe tax of $1,000 or more when you file your return.
If you are filing as a corporation you generally need to make estimated tax payments for your corporation if you expect the corporation to owe tax of $500 or more when you file the tax return.
Q1 January 1-March 31 – DUE April 18, 2016
Q2 April 1- May 31, 2016 DUE June 15, 2016
Q3 June 1 – August 31, 2016 DUE September 15, 2016
Q4 September 1 – December 31, 2016 DUE January 17, 2017
Missing payments can equal to hefty penalties for you and your business. If you need help filing your estimated taxes please contact us today 888.391.9993 or firstname.lastname@example.org.