estimated tax
Quarterly IRS installment
Estimated tax is a method of paying income tax in advance through periodic installments rather than a single payment at year's end.
Self-employed individuals and others without employer withholding typically pay estimated taxes quarterly to the IRS: She set aside money each month for her estimated tax payments.
Underpaying can result in penalties.
- quarterlyFour times annually
- quarterly paymentsSums due four times annually
- IRSFederal tax collector
- paymentFulfilling a financial obligation
- deadlineTime limit for completion
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