One of the biggest reasons many self-employed Arizonans or Arizona small business owners run into IRS Tax problems is that they fail to keep up with their quarterly tax payments. The IRS set up the quarterly tax payment system so that small businesses would pay their taxes on a more regular basis throughout the year and not get surprised by a huge April tax bill. But it’s still up to the individual business owner to make sure the quarterly tax payment is enough to cover their tax payment, and that it gets sent in to the IRS on time.
The form used to file quarterly taxes is the 1040-ES, and as you may have guessed, it needs to get filed, along with your quarterly estimated tax payment, four times a year. The payment due dates are as follows:
April 15th – for income received January 1st – March 31st
June 15th – for income received April 1st – May 31st
September 15th – for income received June 1st – August 31st
January 15th – for income received September 1st – December 31st
The IRS offers several different methods for figuring your quarterly tax payments. Be sure to visit the IRS website at https://zolmanlaw.com/ or consult with a qualified tax professional to be sure you are keeping up with your tax obligations.
At The Zolman Law, we understand that if you do run into tax problems with the IRS, it can be overwhelming. Whether you owe back taxes, haven’t filed taxes for several years, or have received an audit or wage garnishment notice from the IRS, the attorneys at The Zolman Law, can help you or your business with these and any other federal and state tax problems.
We are a dedicated debt relief Law firm. We help people from Phoenix, Mesa, Gilbert, Queen Creek, Chandler, Scottsdale, Apache Junction, Tempe and throughout Arizona work through tough tax problems or file for bankruptcy every day. We can help stop the debt cycle and give you relief from your overwhelming, burdensome, and crushing tax problems. Please don’t wait another moment. Call us right away – our attorneys will help get you the fresh start you deserve.