It’s so easy to put your estimated tax payments on autopilot
with My Tax Vault.
with My Tax Vault.
My Tax Vault provides automated tax savings and payment services for the self-employed. Never again be late or deficient on your tax payment.
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Who must pay estimated tax to the IRS?
Did you know the IRS requires the self-employed to make tax payments four times a year, not all at once when you file your tax return? It’s the law.
The IRS is explicit that individuals with self-employment income, “…generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.”
If you don’t pay enough tax through withholding and estimated tax payments, you may be charged a penalty. You also may be charged a penalty if your estimated tax payments are late or uneven in amount, even if you are due a refund when you file your tax return. (source: IRS.gov)
The IRS is explicit that individuals with self-employment income, “…generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.”
If you don’t pay enough tax through withholding and estimated tax payments, you may be charged a penalty. You also may be charged a penalty if your estimated tax payments are late or uneven in amount, even if you are due a refund when you file your tax return. (source: IRS.gov)