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Estimated Taxes

National Interest
IRS Issues Tax Notification That Could Affect Millions IRS Issues Tax Notification That Could Affect Millions IRS Issues Tax Notification That Could Affect Millions
IRS Issues Tax Notification That Could Affect Millions A key federal tax deadline is fast approaching, and it could affect millions of Americans. The IRS is reminding taxpayers that second-quarter estimated tax payments are due Monday, June 16, and that failing to file on time could result in penalties. Those most likely to be impacted include Americans earning income not subject to withholding. This group consists of self-employed workers, freelancers, gig workers, small business owners, investors, and retirees. Corporations are also required to pay. The IRS notes that payments are expected from: Individuals expecting to owe at least $1,000…

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by Joe Lombardi