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2018 4Q Est Taxes due Tuesday
01-13-2019, 04:44 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,865
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2018 4Q Est Taxes due Tuesday
A reminder: the final estimated tax payment of 2018 is due on the 15th.
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01-13-2019, 04:49 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Posts: 1,155
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Does anyone have a link handy to the IRS site that explains how to do this?
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01-13-2019, 05:12 PM
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#3
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Recycles dryer sheets
Join Date: Jun 2010
Location: Southwest Florida
Posts: 470
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Just download Form 1040-ES and mail it in with a check.
Gill
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01-13-2019, 05:12 PM
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#4
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Recycles dryer sheets
Join Date: Jul 2018
Posts: 138
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01-13-2019, 05:17 PM
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#5
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Recycles dryer sheets
Join Date: Jun 2018
Posts: 276
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If you have already paid 100% (110% to be safe) of what you owed in total for 2017, you don't have to pay any more right now.
I hope I have that right. I owe about $50,000 but I didn't pay much tax last year (like $600) and I made a 1Q 2018 estimated tax payment of $2000.
So essentially the IRS can go take a long walk off a short pier until April.
I can make a few hundred off that $50k by putting it in a saving account until then.
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01-13-2019, 05:21 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Posts: 1,590
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01-13-2019, 05:42 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2009
Posts: 6,679
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You can also use DirectPay, as described in another thread, to quickly and easily make the payment using ACH. I have been using it the last few years to make my 4th quarter estimated tax payment (the only one I make per year).
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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01-13-2019, 06:23 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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Already scheduled via eftps.gov
__________________
Retired since summer 1999.
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01-14-2019, 08:44 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Jun 2014
Posts: 1,188
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Underpayment penalty of $2. Last year it was $17, so I'm getting closer.
I'm usually +/- $50 up until I plug in my ACA credits and then I'm way off.
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01-14-2019, 11:02 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Dec 2018
Location: DuPage County IL
Posts: 2,697
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[QUOTE=RetireSoon;2172318]Does anyone have a link handy to the IRS
https://www.eftps.gov/
we've been using this for years to set up auto debits from a bank account.
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01-14-2019, 11:08 AM
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#11
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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Quote:
Originally Posted by audreyh1
Already scheduled via eftps.gov
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+1
I never have to think about these payments. Instead I choose to keep enough in checking at all times to cover them. I love this method because I am very forgetful and this way it is always paid right on time.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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01-14-2019, 02:43 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Jan 2014
Location: Bloomington, MN
Posts: 1,125
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I like to mail them a check because it takes them awhile to cash it.
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01-14-2019, 02:50 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Location: North
Posts: 4,023
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+1. And I mail this check around 3pm to make sure it takes that extra day
__________________
Time > $$$ ~ 100% equities ~ FIRE @2031
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01-14-2019, 03:48 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 16,973
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Quote:
Originally Posted by RetireSoon
Does anyone have a link handy to the IRS site that explains how to do this?
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https://www.irs.gov/payments
I select "Direct Pay" as I use the free bank ACH payment.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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01-14-2019, 05:25 PM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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I expect that my savings account will notify me around 8am tomorrow that the IRS has pulled out a pretty significant sum!!!
__________________
Retired since summer 1999.
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01-14-2019, 06:00 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Location: Switzerland
Posts: 1,045
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I've been using the IRS direct debit site for about 6 years now and find it to be very useful. However, it would be more useful if you could schedule your four quarterly payments all at once. Instead, it only allows scheduling debits within a 30 day period of payment due date. So, I still need to program my calendar to remind me througout the year to schedule the others, one at a time.
-BB
__________________
FIREd, April 1, 2015. My Retirement Benefits Package includes: 6 months vacation, twice a year.
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01-14-2019, 06:46 PM
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#17
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Recycles dryer sheets
Join Date: May 2013
Location: Western US
Posts: 226
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Quote:
Originally Posted by Bryan Barnfellow
I've been using the IRS direct debit site for about 6 years now and find it to be very useful. However, it would be more useful if you could schedule your four quarterly payments all at once. Instead, it only allows scheduling debits within a 30 day period of payment due date. So, I still need to program my calendar to remind me througout the year to schedule the others, one at a time.
-BB
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The eftps.gov site lets you schedule all four payments at once.
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01-14-2019, 06:48 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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Quote:
Originally Posted by cranberryjoe
The eftps.gov site lets you schedule all four payments at once.
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Yes - this is a very nice feature. I have used it for the years where I set up equal quarterly payments, and it's so nice not to have to mess with it for a year!
__________________
Retired since summer 1999.
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01-14-2019, 07:20 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Location: Switzerland
Posts: 1,045
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Quote:
Originally Posted by cranberryjoe
The eftps.gov site lets you schedule all four payments at once.
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Thanks. I didn't know that was possible there.
-BB
__________________
FIREd, April 1, 2015. My Retirement Benefits Package includes: 6 months vacation, twice a year.
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01-14-2019, 10:07 PM
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#20
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Recycles dryer sheets
Join Date: Oct 2013
Posts: 61
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Just paid in the safe harbor payment today using IRS DirectPay. That’s the bad news. I guess the good news is that I owed taxes...
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