Income Tax Preparation Online Service

Who is eligible for postponement of tax filing and payment until Oct 2025? Individuals Affected by California Fires with Payment due on April 15, 2025. Individual Affected by California Fires with estimated tax payments normally due on April 15, June 16, and Sept. 15, 2025. Calendar-year partnership Affected by California Fires with return normally due on March 17, 2025 Taxpayers with an IRS address record located in the disaster areas do not need to contact the agency to get this relief. Contact Taxeasy for Details now!

Schedule Estimated Taxes Now! Estimated tax is used to pay income tax and self-employment tax, as well as other taxes and amounts reported on the tax return. If the taxpayer does not pay enough through withholding or estimated tax payments, he or she may be charged a penalty. If the taxpayer does not pay enough by the due date of each payment period, he or she may be charged a penalty even if he or she is due a refund when the tax return is filed. The taxpayer does not have to pay estimated tax for the current year if he or she meets all three of the following conditions: The taxpayer had no tax liability for the prior year. The taxpayer was a U.S. citizen or resident for the whole year. The taxpayer’s prior tax year covered a 12-month period. Contact us today to get your taxes estimated!

The income and expenses of a self-employed person, small business owner, freelancer, or independent contractor during the year may not always turn out exactly as planned. You may be having an unexpected banner year and need to increase your quarterly payments, or maybe your business is taking longer to get up to speed than you hoped, and you may not need to pay as much as you thought. Let’s look at how you can adjust your self-employed estimated tax payments to prevent underpaying or overpaying your income tax and self-employment tax during the year. If you estimate your quarterly tax liability very carefully, you may need to pay a slightly different dollar amount each quarter. To make sure you pay the right amount of estimated taxes, the most important thing is keeping up with your bookkeeping every quarter — not just at the end of the year. For instance, if you overpaid in tax the previous year and anticipate making roughly the same amount this year, you might be abl...