The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Est taxes - one pmt instead of quarterly? Date:  3/22/2013  8:06 AM
Author:  TMFPMarti Number:  118111 of 123001

My fiance always has to pay quarterly for estimated taxes.

He's wondering if instead of paying quarterly he can just pay it all in one payment up front because of the hassle-factor of remembering and having to make the separate payments.

I'm assuming you should be able do this, but is there any info on exactly what you do - do you just pay the full amount on the first quarterly payment date and then just not do anything else until you file your taxes?

That's all he needs to do.

Everything following is unsolicited advice from Phil's "Tips for a Successful Marriage." Feel free to move on without reading.

I just finished my 2012 taxes and the scheduling of my 2013 ES payments. With interest rates what they are, it probably doesn't earn me