Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 16
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 $10, but I'm not forking over a dime before I have to. It didn't take me 5 minutes to set up the payments through and put them in my budget spreadsheet so I remember to have the money in my checking account when the EFT happens. We're not talking rocket science.

If this is a "ring and a date" fiancé (as opposed to a "we can't think of anything else to call each other after all these years" fiancé) and you plan to merge your finances after marriage, make sure you're the one who's in charge. If he finds four estimated tax payments daunting it doesn't bode well.

Rule Your Retirement Home Fool
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.