Last month, Steve Struck put together a well written article covering the what, who and how of tax payments. If you enjoyed that, which we are sure you did; without further ado, we introduce to you “Tax Payments- A Necessary Evil Pt. 2.”
“Last month, we introduced the “evil” concept of estimated tax payments — what they are and who is required to make them. To review, if you don’t have enough tax paid in through your payroll withholdings, then it’s likely you will be required to make estimated tax payments.
Assuming this applies to you, the question becomes — how do I calculate my estimates and how much is “too much” to pay?”
To follow the rest of Steve’s article, go to the Grand Rapids Business Journal