Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I will owe a payment for 2017 federal taxes, which I'll pay with my April 15 tax submission (I like to owe money in April, as long as there's no penalty).

I will also owe an estimated tax payment for April 15. I'm wondering if there are any "cons" to simply including the total of the two with my 2017 tax payment, and checking that I want the "refund" to be applied to my 2018 taxes. I think the IRS recognizes the timing of the excess payment as April 15 OK, so it's essentially the same as making the estimated tax payment. The "pro" for me, lazy as I am, is that I don't have to make two payments or fill out the first estimated tax form.

Any problems or other thoughts with this approach? Other than commenting on my laziness. :-)

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.