Get the free 2014 ESTIMATED TAX PAYMENT - 8 26 232

2014 VOUCHER 1 1040ESME for INDIVIDUALS DUE APRIL 15, 2014 2014 ESTIMATED TAX PAYMENT 99 Your First Name Initial *1302320* Your Social Security Number 1. Check if you are a runtime estimate LER. Your

How to fill out 2014 estimated tax payment

How to fill out 2014 estimated tax payment:

1. Determine if you are required to make estimated tax payments for the year 2014. You may need to make estimated tax payments if your income is not subject to withholding tax or if the amount of tax being withheld is not enough to cover your liability.
2. Use Form 1040-ES to calculate and report your estimated tax payments. This form includes instructions on how to estimate your income, deductions, and credits for the year and figure out the amount of tax you owe.
3. Fill out the necessary information on the Form 1040-ES, such as your name, address, and Social Security number. Make sure to accurately estimate your income and deductions based on your expected earnings and expenses for the year.
4. Calculate your estimated tax payment amount. The IRS provides a worksheet in the Form 1040-ES instructions to help you calculate your estimated tax liability. This includes considering any additional taxes, such as self-employment tax or alternative minimum tax.
5. Determine the payment schedule. Estimated tax payments are typically made quarterly, so calculate the due dates for each payment. The due dates for 2014 are usually April 15, June 15, September 15, and January 15 of the following year.
6. Choose your payment method and make the payment. You can make your estimated tax payment electronically through the IRS Direct Pay system, by credit or debit card, through Electronic Funds Withdrawal, or by check or money order. Remember to include your payment voucher (Form 1040-ES) when mailing your payment.
7. Keep records of your estimated tax payments. It is important to maintain a record of the amount paid, date paid, and the payment method used. These records will be useful when reconciling your estimated tax payments with your final tax return for the year.

Who needs 2014 estimated tax payment?

1. Self-employed individuals: If you receive income as a self-employed individual, including freelancers, independent contractors, and business owners, you may need to make estimated tax payments. This is because you are responsible for paying both the employer and employee portions of Social Security and Medicare taxes, which are not withheld from your earnings.
2. Individuals with significant investment income: If you earn a substantial amount of income from investments, such as interest, dividends, capital gains, or rental properties, you may be required to make estimated tax payments. This is because taxes are not typically withheld from investment income.
3. High-income earners: If you have a high income and expect to owe a significant amount of tax for the year, you may need to make estimated tax payments. This is to ensure that you are paying enough throughout the year to cover your tax liability and avoid penalties for underpayment.
4. Individuals with multiple sources of income: If you have income from multiple sources, such as wages from a job, income from a side business, or rental income, you may need to make estimated tax payments. This is because the combined income from these sources may not be subject to enough withholding tax to cover your total tax liability.

For pdfFiller’s FAQs

How do I make edits in 2014 estimated tax payment without leaving Chrome?

Install the pdfFiller Google Chrome Extension to edit 2014 estimated tax payment and other documents straight from Google search results. When reading documents in Chrome, you may edit them. Create fillable PDFs and update existing PDFs using pdfFiller.

Can I create an electronic signature for signing my 2014 estimated tax payment in Gmail?

When you use pdfFiller's add-on for Gmail, you can add or type a signature. You can also draw a signature. pdfFiller lets you eSign your 2014 estimated tax payment and other documents right from your email. In order to keep signed documents and your own signatures, you need to sign up for an account.

How do I fill out the 2014 estimated tax payment form on my smartphone?

Use the pdfFiller mobile app to fill out and sign 2014 estimated tax payment. Visit our website (https://edit-pdf-ios-android.pdffiller.com/) to learn more about our mobile applications, their features, and how to get started.