I'm concerned because my check payment to the IRS has not been cashed yet. What should I do?
You may call 1-800-829-0922 and ask an IRS representative if the payment has been credited to your account. If it has not, you may choose to place a stop-payment on the original check and reissue the payment.
I'm concerned because my check payment to the IRS has not been cashed yet. What should I do?
You may call 1-800-829-0922 and ask an IRS representative if the payment has been credited to your account. If it has not, you may choose to place a stop-payment on the original check and reissue the payment.
I filed a quarterly 1040-ES in April and paid the difference between my total tax bill last year and this year's withholdings. Therefore, I believe I have paid the minimum amount of estimated tax payments. Do I have to submit a Form 1040-ES for the, second, third, and fourth quarters?
Since you have paid 100%* of your prior year income tax liability, you will not be subject to the failure to pay estimated tax penalty. However, not making additional estimated tax payments may mean that you have a large income tax liability when you do file your income tax return.
(*If you are a higher income taxpayer (with an AGI of more than $150,000 ($75,000 if your filing status is married filing separate)), substitute 112% for 100%.) (if last year is 2001) (Note: the percentages change depending on the tax year. Refer to Publication 505 (PDF), Tax Withholding and Estimated Tax.)
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