Estimated Tax Payments Explained by a licensed CPA. Learn the who, what, when, why, and how related to this subject.
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Specifically, you are going to learn:
Avoid Estimated Tax Penalties (0:00)
Estimated Tax Payments Explained (1:55)
Why are Estimated Tax Payments Required? (2:47)
Who is Required to Submit Estimated Tax Payments? (4:15)
When are Estimated Tax Payments Due? (5:22)
How to Calculate Your Estimated Taxes (6:49)
How to Submit Estimated Tax Payments Online (9:00)
If you fail to submit these tax payments, then you may be assessed additional penalties and interest from the IRS.
When I started my first business, I’ve personally made the mistake of failing to submit estimated tax payments, which resulted in a few thousand dollars in penalties that I otherwise would not have had to pay if I complied with this rule.
So unfortunately I had to learn this the hard way, and I am making this video to make sure that you do not.
And if you watch this video until the end, I will provide you with a demonstration of how to submit your own estimated tax payments.
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