When does the IRS expect quarterly tax payments?

In most cases, the government expects taxpayers to pay their taxes in April. Any resulting payment or refund the result of withholdings from paychecks throughout the year. In some cases, the Internal Revenue Service (IRS) may expect taxpayers to make quarterly payments.

Who needs to pay on a quarterly basis? The IRS may require quarterly payments on any taxpayer that does not have taxes withheld on the money they make. For example, the agency generally expects quarterly tax payments from the self-employed to cover income and self-employment taxes.

Those who hire a full-time nanny for childcare services may also need to pay quarterly taxes to cover the nanny’s federal payroll taxes. The IRS expects these payments are made quarterly. The agency can apply interest penalties for every quarter missed to taxpayers that fail to make these payments.  

How do taxpayers make quarterly payments? Taxpayers will send the IRS a completed Form 1040-ES along with their taxpayment.

When are estimated payments due? In 2019, estimated tax payments are due to the IRS on April 15, June 17, Sept 16 and Jan 15 of 2020.

What happens if the IRS claims I did not pay required quarterly payments? The IRS expects taxpayers to pay at least 90 percent of their annual tax obligations. A failure to do so can lead to penalties and interest payments on top of a growing tax bill.

Options are available if you are contacted by the IRS about a questionable tax bill. In these situations, it is wise to hire a tax attorney familiar with this area of the law. Your attorney will review the IRS’ claims and help to better ensure your interests are protected.

No Comments

Leave a comment
Comment Information
Email Our Team

Contact Us to Get Started Today

Located in the Washington, D.C area, we serve clients in the District of Columbia, Maryland and Northern Virginia, as well as across the country and overseas. For a free initial consultation, call 202-381-1261 or complete our brief online form.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Six Convenient Office Locations in and around the DC Metropolitan Area

Washington, D.C.
1050 Connecticut Ave NW #500
Washington, D.C. 20036

Phone: 202-618-1873
Fax: 888-235-8405
Washington Law Office Map

Columbia Office
10440 Little Patuxent Parkway, Suite 300
Columbia, MD 21044

Phone: 410-497-5947
Fax: 888-235-8405
Columbia Law Office Map

Annapolis Office
839 Bestgate Road
Suite 400
Annapolis, MD 21401

Phone: 410-497-5947
Fax: 888-235-8405
Annapolis Law Office Map

Fairfax Office
8280 Willow Oaks Corporate Drive
Suite 600
Fairfax, VA 22031

Phone: 703-621-7169
Fax: 888-235-8405
Fairfax Law Office Map

Rockville Office
199 E. Montgomery Avenue
Suite 100
Rockville, MD 20850

Phone: 240-599-5009
Fax: 888-235-8405
Rockville Law Office Map

Baltimore Office
400 East Pratt Street
8th Floor
Baltimore, MD 21202

Phone: 443-743-3381
Fax: 888-235-8405
Baltimore Law Office Map