Pay all of your estimated tax by January 16 2018. File your 2017 Form 1040 by March 1 2018 and pay the total tax due. Department of the Treasury Internal Revenue Service Form 1040-ES Estimated Tax for Individuals Purpose of This Package for 2017. Tax on Form 1040 line 27. Subtract this amount when figuring your expected AGI on line 1 of your 2017 Estimated Tax Worksheet. XX. Do not use dashes or lines for example do not enter XXX or XXX xx 100. Enter 2017 Form 1040-ES and your SSN on your check...or money order. For details on how to get forms and publications see the 2016 Instructions for Form 1040 or Form 1040A. What s New Use your 2016 tax return as a guide in figuring your 2017 estimated tax but be sure to consider the following. Cat. No. 11340T IF your 2017 filing status is. Married filing jointly or Qualifying widow er exemption s for all 12 months of 2017. See Form 8965 and its instructions for more information. THEN your standard deduction is. Advance payments of the premium tax...credit. 505. If you are self-employed be sure to take into account the deduction for self-employment tax. Use the 2017 1 and 11 of the Estimated Tax Worksheet to figure the amount to subtract when figuring your expected AGI. This worksheet also will give you the amount to enter on line 11 Line 9. Credits. See the 2016 Form 1040 lines 48 through 54 or Form 1040A lines 31 through 35 and the related instructions for the types of credits allowed. Line 11. Future developments. For the latest...information about developments related to Form 1040-ES and its instructions such as legislation enacted after they were published go to www.irs.gov/form1040es. Who Must Make Estimated Tax Payments General Rule In most cases you must pay estimated tax for 2017 if both of the following apply. 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*. In addition if you do not elect...voluntary withholding you should make estimated tax payments on other taxable income such as unemployment compensation and the taxable part of your social security benefits. Change of address. If your address has changed file Form 8822 Change of Address to update your record. 1. You expect to owe at least 1 000 in tax for 2017 after subtracting your withholding and refundable credits. 2. You expect your withholding and refundable credits to be less than the smaller of a* 90 of the tax to be...shown on your 2017 tax return or b. 100 of the tax shown on your 2016 tax return* Your 2016 tax return must cover all 12 months. Note. These percentages may be different if you are a farmer fisherman or higher income taxpayer. You had no tax liability for 2016 if your total tax was zero or you did not have to file an income tax return* There are special rules for farmers fishermen certain household employers and certain higher income taxpayers. Jan 06 2017 2017 tax return include your household...employment taxes if either of the following applies.
pdfFiller is not affiliated with IRS
Get, Create, Make, and Sign IRS 1040-ES
Edit your IRS 1040-ES online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your IRS 1040-ES via URL. You can also download, print, or export forms to your preferred cloud storage service.
Instructions and Help about IRS 1040-ES
How to edit IRS 1040-ES
How to fill out IRS 1040-ES
Instructions and Help about IRS 1040-ES
How to edit IRS 1040-ES
To edit IRS Form 1040-ES, download the form from the IRS website or your preferred tax resource. You can use pdfFiller’s tools to annotate, sign, or fill out the form directly. After making necessary edits, ensure to save the updated version for future reference or submission.
How to fill out IRS 1040-ES
To fill out IRS Form 1040-ES, follow these steps:
01
Collect your financial documents, such as income statements.
02
Determine your expected annual income to estimate your tax liability.
03
Calculate your estimated tax payment using the provided worksheet on the form.
04
Fill in your personal information, including your name and Social Security Number.
05
Complete the payment voucher portion indicating your payment amount.
Make sure to review all entries for accuracy before submission. Double-check calculations carefully to avoid errors in your estimated tax payment.
About IRS 1040-ES 2017 previous version
What is IRS 1040-ES?
What is the purpose of this form?
Who needs the form?
When am I exempt from filling out this form?
Components of the form
Due date
What are the penalties for not issuing the form?
What information do you need when you file the form?
Is the form accompanied by other forms?
Where do I send the form?
About IRS 1040-ES 2017 previous version
What is IRS 1040-ES?
IRS Form 1040-ES is the Estimated Tax for Individuals form used to calculate and pay estimated taxes on income that is not subject to withholding, such as self-employment income, rental income, and dividends. Taxpayers use this form to ensure they meet their tax obligations throughout the year.
What is the purpose of this form?
The purpose of Form 1040-ES is to provide a method for individuals to report and pay estimated taxes to the IRS in quarterly installments. This process helps prevent underpayment penalties when filing their annual tax return. Users can accurately forecast their tax liabilities based on expected income, reducing the risk of surprises come tax season.
Who needs the form?
Individuals who expect to owe tax of $1,000 or more when they file their annual tax return generally need to complete IRS Form 1040-ES. This includes self-employed individuals, freelancers, and people with significant investment income or rental income. Additionally, taxpayers who do not have enough tax withheld from their income may also be required to file this form.
When am I exempt from filling out this form?
You may be exempt from filing Form 1040-ES if you had no tax liability in the previous year and were a U.S. citizen or resident for the entire year. Additionally, if your expected tax due for the current year will be less than $1,000, you may not be required to pay estimated taxes.
Components of the form
IRS Form 1040-ES consists of several components: the estimated tax payment voucher, a worksheet for calculating your estimated tax, and instructions for completing the form. The payment vouchers allow you to submit your estimated payments throughout the year, providing ease in tracking your tax obligations.
Due date
The due dates for submitting estimated tax payments using Form 1040-ES are typically April 15, June 15, September 15, and January 15 of the following year. If any of these dates falls on a weekend or holiday, the deadline is extended to the next business day. It is crucial to adhere to these deadlines to avoid penalties.
What are the penalties for not issuing the form?
If you fail to file IRS Form 1040-ES and do not pay enough estimated tax throughout the year, you may incur a penalty for underpayment. The IRS applies a penalty based on the amount of underpayment and the number of days late the payments are. Regularly submitting estimated payments can help avoid these penalties.
What information do you need when you file the form?
When filing IRS Form 1040-ES, you need to provide your estimated gross income, taxable income, and tax liability based on prior years. Additionally, you should have information about any credits or deductions you plan to claim, as these will affect your estimated tax payments.
Is the form accompanied by other forms?
IRS Form 1040-ES does not require accompanying forms for submission but may be linked to other IRS forms if you are using it in conjunction with your yearly tax return. Be sure to check the specific requirements for your tax situation and include any necessary documentation with your tax return when applicable.
Where do I send the form?
The submission address for IRS Form 1040-ES depends on your location and whether you are enclosing a payment. If you are not sending a payment, you can find the mailing address in the instructions for the form, which are available on the IRS website. If sending a payment, ensure you use the specified address to avoid delays.
FAQ about IRS 1040-ES
What should I do if I need to correct mistakes on my IRS 1040-ES?
If you need to correct an error on your IRS 1040-ES, you can submit an amended return using Form 1040-X. Ensure that you correct only the specific errors and attach any relevant documentation. Keep a copy for your records to track changes and ensure compliance.
How can I verify the receipt of my IRS 1040-ES submission?
To verify the receipt of your IRS 1040-ES, you can check your bank account for the payment withdrawal if you e-filed. If you submitted by mail, consider using certified mail for tracking. Keep an eye on your IRS account for updates regarding processing status.
Are there specific errors that commonly occur when filing IRS 1040-ES and how can I avoid them?
Common errors while filing IRS 1040-ES include incorrect Social Security numbers and calculation mistakes. Double-check all entries against documentation. Using tax software can also help mitigate errors with prompts for necessary checks along the way.
How can I ensure my electronic signature is accepted when e-filing IRS 1040-ES?
To ensure your electronic signature is accepted when e-filing IRS 1040-ES, follow the specific guidelines provided by your e-filing software. Typically, it involves creating a 5-digit PIN or using your prior year Adjusted Gross Income for identity verification.
See what our users say
Read user feedback and try pdfFiller to explore all its benefits for yourself
very good and simple.
Ana
Great program incase you have an older…
Great program incase you have an older computer or none PDF access.
Use this catalog to find any type of IRS forms. We've gathered all of them under this section uncategorized to help you to find a proper form faster. Once you spot it on this list, have a look at the versions and schedules you might need as attachments. All returns are available for 2016 and for previous fiscal years.
