Blogs Don’t Forget the June 15 Estimated Tax Payment Deadli

Posted: Jun 9, 2016

Don’t Forget the June 15 Estimated Tax Payment Deadline!

Do you own your own business or do a great deal of freelance work? Or maybe you receive income from a rental property, alimony or an investment? Did you recently win a large prize or award or get a cash payment for the sale of an asset? The bottom line is that if you have income that’s not subject to tax withholding, you are probably required to make quarterly estimated tax payments. The next deadline falls on June 15. If you fail to make required estimated payments, you could face a penalty.

If you’re not sure whether you should be making estimated payments—or how much they should be—please contact us. We can offer timely, customized advice on all your financial concerns.