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24112 es is the form used for filing estimated taxes with the Internal Revenue Service (IRS) for individuals who receive income not subject to withholding, such as self-employment income or investment income.
Individuals who anticipate owing a certain amount of tax and do not have enough taxes withheld from their income are required to file Form 24112 es.
Form 24112 es can be filled out online or by mail. It requires individuals to estimate their income, deductions, credits, and taxes for the upcoming year and make quarterly payments based on those estimates.
The purpose of Form 24112 es is to help individuals pay their taxes throughout the year rather than in one lump sum at the end of the year. This helps taxpayers avoid penalties for underpayment of taxes.
On Form 24112 es, individuals must report their estimated income, deductions, credits, and taxes for the upcoming year. They must also make quarterly payments based on these estimates.
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