Get the free F-1040ES

This document is a voucher used for making estimated income tax payments for the City of Flint, specifically for the third quarter payment due on September 30, 2013.

How to fill out f-1040es

How to fill out F-1040ES

1. Obtain the F-1040ES form from the IRS website or your local tax office.
2. Fill in your personal information, including your name, address, and Social Security number.
3. Calculate your estimated tax liability for the year using the IRS instructions provided.
4. Divide your estimated tax liability by the number of quarters to determine the amount to pay each quarter.
5. Complete the payment voucher for the quarter you are filing for, ensuring you enter the correct amount.
6. Mail the completed F-1040ES form along with the payment to the appropriate IRS address based on your location.

Who needs F-1040ES?

1. Individuals who expect to owe tax of $1,000 or more when they file their tax return.
2. Self-employed individuals and freelancers who receive income that is not subject to withholding.
3. Individuals with significant income from sources other than wages, such as interest, dividends, or capital gains.

People Also Ask about

Are payment vouchers necessary?

A payment voucher ensures the California Franchise Tax Board (FTB) correctly applies a taxpayer's payment. Without it, payments can be misapplied, leading to delays, penalties, or unnecessary notices.

Why does my tax return have payment vouchers?

This could be income from being self-employed, interest, dividends, alimony, rent, capital gains, prizes and awards. Estimated taxes may also need to be paid if the tax being withheld from your income is not enough.

Why did TurboTax give me a 1040-ES payment voucher?

by TurboTax• 611• Updated 3 months ago We'll automatically include four quarterly 1040-ES vouchers with your printout if you didn't withhold or pay enough tax this year. We do this to head off a possible underpayment penalty on next year's taxes.

What happens if I don't pay 1040-ES?

What if I don't pay? You could end up owing the IRS an underpayment penalty in addition to the taxes that you owe. The penalty will depend on how much you owe and how long you have owed it to the IRS. Result: You might have to write a larger check to the IRS when you file your return.

Do I have to pay a 1040-ES payment voucher?

Who must pay estimated tax. Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.

What does 1040-es mean?

Use Form 1040-ES to figure and pay your estimated tax. 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.).

Why did the IRS send me a 1040-ES?

We'll automatically include four quarterly 1040-ES vouchers with your printout if you didn't withhold or pay enough tax this year. We do this to head off a possible underpayment penalty on next year's taxes. You may get these vouchers if you're self-employed or had an uncharacteristic spike in your income this year.

What triggers the IRS underpayment penalty?

The IRS imposes a tax underpayment penalty when taxpayers fail to pay enough of their tax liability during the year. This penalty applies if you don't meet your obligations through withholding, estimated payments or a combination of both.

For pdfFiller’s FAQs

What is F-1040ES?

F-1040ES is a form used by U.S. taxpayers to make estimated tax payments to the Internal Revenue Service (IRS) throughout the year.

Who is required to file F-1040ES?

Taxpayers who expect to owe $1,000 or more in taxes when they file their return for the year generally must file F-1040ES.

How to fill out F-1040ES?

To fill out F-1040ES, you need to provide your personal information, including name and Social Security number, calculate your estimated tax payment using the worksheet provided, and submit the payment along with the form for each quarter.

What is the purpose of F-1040ES?

The purpose of F-1040ES is to allow taxpayers to prepay their income taxes on a quarterly basis, helping to avoid penalties for underpayment at the end of the tax year.

What information must be reported on F-1040ES?

F-1040ES requires reporting of the taxpayer's name, Social Security number, estimated tax for the year, and the amount of estimated tax payment for each quarter.