Will you owe federal income tax for 2018? It’s not too late to make an estimated payment and avoid penalties. The 2018 fourth quarter tax payment deadline is Tuesday, 1/15/19. The IRS notes that “various financial transactions, especially those occurring late in the year, can often have an unexpected tax impact.” For example, a holiday bonus, a real estate transaction or a capital gains distribution from an investment might trigger a higher tax bill. To make an estimated payment, use Form 1040-ES (“Estimated Tax for Individuals”). © 2019
Contact the CG Team with questions via the form to the right or call 732.676.4100.
Department of the Treasury Internal Revenue Service 2018 Form 1040-ES. Estimated Tax for Individuals. https://www.irs.gov/pub/irs-pdf/f1040es.pdf.