How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
A new question is answered every 9 seconds

Ask a Tax Professional

Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: General
Satisfied Customers: 572
Experience:  10 years experience
16356563
Type Your Tax Question Here...
characters left:
5 Tax Professionals are Online Now

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
< Last | Next >
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
  • I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight. Bonnie Chesnee, SC
  • Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation. John Minneapolis, MN
  • Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with. Orville Hesperia, California
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
 
 
 

Tax Payment Questions

Tax payment questions are a vast and confusing subject. And can involve large amounts of time, and money along with equally large headaches. Below are the most commonly asked questions about tax payments that are answered by the Experts.

Who is required to make quarterly tax payments?

Typically if you are filing as a sole proprietor, partner, S corporation shareholder, or a self-employed individual, you generally would make estimated tax payments if you expect to owe $1,000 or more. These are due on the 15th day of April, June, September, and January of the following year. A corporation would be expected to make payments if you estimate that you will owe taxes of $500.00 or more when its return is filed. Corporations estimated tax payments are usually due on the 15th day of April, June, September, and December.

I am making tax payments of $350 to the IRS (Internal Revenue Service). I agreed to increase my payments by $1000 due to an increase from my SS (Social Security) payments. Then SS later lowered the amount. I am trying to get this resolved but I am unable to get a straight answer. Now I cannot afford the increase to my IRS payments how can I resolve this problem?

In most cases the IRS will re-negotiate and allow you to delay the increase for 30 days. If in 30 days you still have not resolved the issue then contact the IRS again. As long as you keep in contact and keep sending the $350 it is likely that they will work with you until you have resolved your issue with Social Security.

If a person is billed for taxes due from two years ago, and said person pays all the taxes plus the late penalty can the person claim this on their most recent tax filings?

In most cases federal income taxes and penalties paid to the Internal Revenue Service are not deductible not matter when they are paid.

How can a person lower their tax payments to the IRS (internal Revenue Service)?

If a person cannot handle the negotiated payments then they should claim hardship to see if the IRS will decrease the payment amounts. A person can also request a penalty abatement which will reduce your tax balance. However, this is not guaranteed approval for the hardship or the penalty abatement, but it’s worth a try.

I am self employed, how do I figure my tax payments on my new job which is paying me $125.00 weekly, also where would I send my payments?

Assuming you have no deductions yourself employment tax rate of 15.3% would boil down to $17.67 weekly. You can estimate your taxes and make quarterly payments to the IRS (Internal Revenue Service) using the voucher form 1040ES.

Tax payments are typically a link in the huge chain of tax questions. The payment arrangements can often be the deciding factor in the success or downfall of a company, whether it is small or large. Individuals may also be wise to keep well informed of the tax payment laws and benefit from knowing their rights as a taxpayer. Many questions about tax payments can be answered by the Experts.

Ask a Tax Professional

Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: General
Satisfied Customers: 572
Experience:  10 years experience
16356563
Type Your Tax Question Here...
characters left:
5 Tax Professionals are Online Now

How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Tax Professionals are online & ready to help you now

Wallstreet Esq.
Tax Attorney
Satisfied Customers: 570
10 years experience
Wendy Reed
Enrolled Agent
Satisfied Customers: 3052
15+ years tax preparation and tax advice.
Mark D
Enrolled Agent
Satisfied Customers: 985
MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Recent Tax Payment Questions

  • Hi Lane, new question A florida state resident is selling her

    Hi Lane, new question A florida state resident is selling her NYS (Nassau County) vacation home. 1) What would the total capital gains tax be per $100,000 (not in NY city). 2)If she has not kept any bills relating to home improvement, is there a base amount perhaps, that the IRS allows per year of residence (35 years in this case)without asking for bills (in case of audit)? The sale price of the house is over 15x the original purchase price. I assume a pure vacation home is not eligible for the 1030 exchange.
  • I work for a non profit. I am working on procuring donations

    I work for a non profit. I am working on procuring donations to keep the public charity operating.
    Please explain the best way to convince individuals and businesses that their donations can lower the amount of taxes paid each year. It seems that many individuals/businesses do not understand how donations can lower their taxable income.
    I typically meet with the answer of, "I cannot afford to donate right now especially with taxes coming up."
    How can I dispel this misunderstanding about how charity and taxes work?
    Thank you for your help.
  • Complex question. My wife sold real estate as a non-resident of the state of Maryland. A

    Complex question. My wife sold real estate as a non-resident of the state of Maryland. At the sale closing, Maryland withheld a substantial amount based upon anticipated gain on the sale. The sale actually resulted in a loss and my wife filed the proper forms and documentation to get a refund of the withheld amount. Maryland agreed and will be refunding the withheld amount in a couple of weeks in 2014. Now, the question is, will Maryland issue a 1099-G form for the refund? The person at the Maryland DRA with whom I spoke was not certain. What is your opinion? Thanks.
    Michael
    *****@******.***
    USA, State of Maryland Non-residential tax return
< Last | Next >
View More Tax Questions