» Estimated Tax Payments

What Happens if You Miss a Quarterly Estimated Tax Payment?

If you miss a quarterly estimated tax payment, you may need to pay penalties and interest. Estimated tax payments are due each quarter for federal and state income taxes. Also, they are used to pay self-employment tax. Most people who work as an empl… Read More

Estimated Tax Payments: Do You Owe Quarterly Payments to the IRS or Ohio Department of Taxation?

If you are self-employed, a business owner, or earn other types of income not subject to withholding, you need to complete an estimated tax return and make quarterly payments to the United States Treasury (IRS) and Ohio Department of Taxation. Someti… Read More

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