Estimated tax

Estimated Tax
Estimated tax is tax that a self-employed individual or a company must estimate and pay to the Internal Revenue Service. For non-self-employed people, taxes are withheld by the employer and then paid to the IRS each pay period.

Estimated Taxes
Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes and awards.

Estimated Tax Payments
If you are a small business owner or someone who receives a large amount of investment or pension income, chances are good that you will have to make estimated tax payments.

declaration of estimated tax
return required of those taxpayers who do not regularly have adequate tax withheld, as in the case of self-employed taxpayers, ...

ESTIMATED TAX - Tax to be paid quarterly on income that is not subject to withholding tax, including se...
ESTIMATED TAX PAYMENTS - Quarterly tax payments you make to the IRS if the amount you pay through paych...

Estimated Tax
Amount of tax LIABILITY a taxpayer may expect to pay for the current tax period. Usually paid through quarterly installments.

Estimated Tax
The anticipated amount of tax for the coming tax year that is based on the higher of regular or alternative minimum tax (AMT) minus any tax credits.

Estimated tax. If you have income not subject to withholding (such as self-employment or investment income) you may have to make quarterly payments of the amount needed to cover your tax bill.

Estimated Tax - regular, estimated payments on income during the year.
Expenses - costs incurred (other than purchases) to carry on a business.

The estimated taxes paid by taxable mutual fund (MF) investors increased 42 percent from those paid in 2006. Buy-and-hold taxable MF holders surrendered a record-setting $33.8 billion in taxes to the government, surpassing 2000's record amount of $31.

The estimated tax calculator 2011 is a tool that is very useful to tax payers.

Estimated tax An estimate of tax that will be owed by a corporation or individual in the coming year. Eurobond A bond issued and traded in countries other than the one in which the bond is denominated.

If you make quarterly estimated tax payments to your state (and alternative minimum tax [AMT] is not an issue for you), make your fourth-quarter payment by Dec. 31 instead of waiting until the New Year.

This leads to a possible tax planning strategy for a self-employed person who falls behind in his or her estimated tax payments.

A penalty for not paying enough total estimated tax and withholding. You can avoid underpayment penalties by paying a percentage amount of last year's tax due or of the current year's expected tax due.

Underpayment Penalty - A tax penalty enacted on an individual for not paying enough of his or her total estimated tax and withholding. If an individual has an underpayment of estimated tax, they may be required to pay a penalty (on Form 2210).

The excess of your withholding and estimated tax payments for the year that you paid over your tax liability. The Federal Government then issues a tax refund if you paid more taxes over the year for your tax bracket.

A federal or state tax imposed on an individual's assets inherited by heirs.
Estimated tax ...

[48] In self assessment systems, payment of taxes is generally due no later than the normal due date, though advance tax payments may be required.[49] Canadian corporations must pay estimated taxes monthly.

estimated tax Tax to be paid on income that is not subject to withholding tax, including investment income, alimony, rent, and capital gains.

FORFAIT In a number of countries tax is sometimes levied on an estimated taxable base (forfait), particularly in respect of the imposition of income tax or turnover tax on small enterprises.
FORMS, TAX See: Tax form ...

estimated tax Estimated amount in taxes due to be paid in the coming year, short any tax credits.Corporations,... Estonian Kroon The official currency of Estonia. Learn more about the Estonian Kroon and Estonia at GoCurrency.

See also: Withholding, Expense, Compensation, Earned income, Administration