Estimated Tax Payments
from The Plenty Money Podcast Hosted by Cornelius Davis
Many self-employed people tend to forget all about taxes until its time to file. Unfortunately, the IRS penalizes you for waiting until the end of the year to pay all of your tax due. The IRS considers tax due at the time income is earned and estimated tax payments is the system they put in place for self-employed persons and business owners to be able to make those tax payments. This segment explains what estimated tax payments are, when the payments are due and provides tips for making your estimated tax payments in full and on time to avoid unnecessary penalties and fees.
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