They might have printed out if you got a one time large income this year.
Turbo Tax is very conservative and doesn't want you to owe too much next year.
Pay by credit or debit card using a pay-by-phone system or the Internet through one of only 3 IRS-authorized card processors.505 link below which are filed with IRS Form 1040-ES.Estimated tax is the method used to pay tax on income that is not subject to withholding (for example, earnings from self-employment, interest, dividends, rents, alimony, etc.).If you are receiving a refund or low tax due and TurboTax prepared the vouchers then your tax liability was probably reduced by credits.Like if you took a IRA or 401K distribution. .They are optional to pay.
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Internal Revenue Service (IRS) on your behalf.
September 15th - for earnings from June 1 through August.
According the, iRS website, sole proprietors, partners, and, s corporation shareholders usually have to make estimated tax payments if they expect to owe tax of 1,000 or more when they file their federal tax returns, and, c corporations if they expect to owe tax.
You can also modify or cancel payments as late as two days before they are paid.Estimated taxes work similar to the tax an minnetonka coupon code 2015 employer withdraws from a paycheck, in that if enough money isn't sent in during the year to cover your tax liability, you may owe taxes when file your taxes in April (or if you pay too much.The estimated payments are optional to pay.Like if you took a IRA or 401K distribution.The Social Security portion is subject to maximum income limitations (106,800 in 2010 the Medicare part is not.How to Pay Your Estimated Taxes The IRS offers five ways to pay your estimated tax: Credit an overpayment from the prior year's return to the current year's estimated tax.Current Year (2016 prior Year (2014-2015 form 1040-ES estimated tax.For information about the tax forms in the table, visit.You must pay estimated tax for the current tax year if both of the following apply: You expect to owe at least 1,000 in tax for the current tax year after subtracting rebate property management any withholding and refundable credits.