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2018 4Q Est Taxes due Tuesday
Old 01-13-2019, 04:44 PM   #1
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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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Old 01-13-2019, 04:49 PM   #2
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Does anyone have a link handy to the IRS site that explains how to do this?
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Old 01-13-2019, 05:12 PM   #3
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Just download Form 1040-ES and mail it in with a check.
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Old 01-13-2019, 05:12 PM   #4
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https://directpay.irs.gov/directpay/...execution=e1s1
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Old 01-13-2019, 05:17 PM   #5
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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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Old 01-13-2019, 05:21 PM   #6
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2018 Form 1040-ES
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Old 01-13-2019, 05:42 PM   #7
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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).
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Old 01-13-2019, 06:23 PM   #8
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Already scheduled via eftps.gov
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Old 01-14-2019, 08:44 AM   #9
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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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Old 01-14-2019, 11:02 AM   #10
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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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Old 01-14-2019, 11:08 AM   #11
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Originally Posted by audreyh1 View Post
Already scheduled via eftps.gov
+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.
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Old 01-14-2019, 02:43 PM   #12
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I like to mail them a check because it takes them awhile to cash it.
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Old 01-14-2019, 02:50 PM   #13
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I like to mail them a check because it takes them awhile to cash it.
+1. And I mail this check around 3pm to make sure it takes that extra day
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Old 01-14-2019, 03:48 PM   #14
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Does anyone have a link handy to the IRS site that explains how to do this?
https://www.irs.gov/payments

I select "Direct Pay" as I use the free bank ACH payment.
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Old 01-14-2019, 05:25 PM   #15
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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!!!
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Old 01-14-2019, 06:00 PM   #16
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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.

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Old 01-14-2019, 06:46 PM   #17
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Originally Posted by Bryan Barnfellow View Post
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.

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The eftps.gov site lets you schedule all four payments at once.
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Old 01-14-2019, 06:48 PM   #18
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The eftps.gov site lets you schedule all four payments at once.
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!
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Old 01-14-2019, 07:20 PM   #19
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Originally Posted by cranberryjoe View Post
The eftps.gov site lets you schedule all four payments at once.
Thanks. I didn't know that was possible there.

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Old 01-14-2019, 10:07 PM   #20
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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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