1040 Es Worksheet. Estimated tax is the method used to pay tax on income that is not subject to withholding (for example, earnings from self-employment, interest, dividends, rents,alimony, etc.). Complete your Record of Estimated Tax Payments on the next page.
The form will allow filers to calculate the estimated amount of tax liability they owe for the year. Detach the voucher, and enclose it with your payment. In addition, if you do not elect voluntary withholding, you should make estimated tax payments on other taxable income, such as unemployment compensation and the.
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Includes the deduction worksheet, record of estimated tax payments with due dates, and four payment vouchers.
This helps you estimate how much tax you owe for the year; this way, you can make accurate payments throughout the year. Disclosure of this information is required. Complete, Edit or Print Tax Forms Instantly.