How To Avoid Paying Too Much Estimated Tax
Author: Make My Life Less Taxing
Many self-employed people and small business owners make quarterly estimated tax payments at both the federal and state level. (Sigh!)
Now that we're past the year's half-way point, this is a good time to take a look at how much you've paid in so far, and whether you need to make any adjustments to this year's remaining two quarterly estimated tax payments.
NOTE: If you're newly self-employed, and perhaps unfamiliar with the government's estimated tax payment schedule, here are the due dates for the Year 2003 quarterly estimated tax payments:
QTR 1: April 15, 2003 QTR 2: June 15, 2003 QTR 3: September 15, 2003 QTR 4: January 15, 2004
The form used to accompany the payments...
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