IN GENERAL IF YOU ARE A SOLE PROPRIETOR, PARTNER, OR S CORP SHAREHOLDER, AND YOU EXPECT TO OWE MORE THAN $1000 IN FEDERAL TAXES WHEN YOU FILED YOUR RETURN, YOU NEED TO MAKE ESTIMATED TAX PAYMENTS :
1. FOUR QUARTERLY TAX PAYMENTS - APRIL 15, JUNE 15, SEPT 15, & JAN 15.
2. NEED TO SET UP AND PAY, THROUGH ELECTRONIC FEDERAL TAX PAYMENT SYSTEM (EFTPS).
3. DON'T FORGET THE CA ESTIMATED TAX PAYMENTS IF YOUR BUSINESS OWES MORE THAN $500.
4. FOR INDIVIDUAL TAX PAYERS WHO OWE TAXES, CALL KASH @ YMA (925) 963 4891,
TO DISCUSS ESTIMATED TAX PAYMENT REQUIREMENTS.
5. SPECIAL RULES FOR FARMERS, FISHERMAN, HOUSEHOLD EMPLOYEES, HIGH INCOME TAX PAYERS. VISIT WWW.YAJNIANDMEHTA.COM
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