As a business owner you have a lot of tasks and problems you have to solve every day. One of them is to deposit regular installments of federal income tax. I, myself usually forget what are the due dates in the day to day rush. Therefore I check this Tax Calendar page. (Just bookmark it and come back to see what are different IRS deadlines).
For example if you own C-Corporation then you have to pay installment for federal income tax. It is based on estimate. If you see that your tax will be $50,000 based on your QuickBooks then pay 25% ($12,500).
What is the best way to pay? You can mail check, but I personally prefer to pay electronically using EFTPS.com. Eftps is IRS system for electronic tax payments.
This entry was posted
on Tuesday, September 19th, 2006 at 11:34 am and is filed under Bookkeeping.
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As a business owner you have a lot of tasks and problems you have to solve every day. One of them is to deposit regular installments of federal income tax. I, myself usually forget what are the due dates in the day to day rush. Therefore I check this Tax Calendar page. (Just bookmark it and come back to see what are different IRS deadlines).
For example if you own C-Corporation then you have to pay installment for federal income tax. It is based on estimate. If you see that your tax will be $50,000 based on your QuickBooks then pay 25% ($12,500).
What is the best way to pay? You can mail check, but I personally prefer to pay electronically using EFTPS.com. Eftps is IRS system for electronic tax payments.
This entry was posted
on Tuesday, September 19th, 2006 at 11:34 am and is filed under Bookkeeping.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.