Greetings gentle taxpayers!

If you are not subject to (enough) withholding due to significant self-employment or investment income, you must make quarterly estimated tax payments.  The next one is due Monday, June 17th, 2019.  This payment is must cover estimated tax for the second quarter of 2019 (April-June).  However, if you underpaid (or skipped) the first quarter payment, you need to make up any shortfall from first quarter along with your second quarter payment.  In other words, this second quarter payment plus whatever you paid for first quarter (at April 15th) must equal 50% of your total estimated tax for the year.

Click here to go to the Form 1040-ES forms and instructions.  On pages 3 and 4 you will find a list of the available payment methods.  (Fun fact: the IRS cannot accept a check, personal or cashier’s, for $100 million or more.)  Page 5 has the mailing address information if you pay by sending a check and 1040-ES voucher.  Finally, the second quarter 2019 1040-ES voucher is on page 11.

If you choose to file by mailing in your voucher and a check, be sure you mail it on or before June 17th.  I strongly recommend using certified mail to document the postmark date.

And, oh yeah, have a great summer!