When Tax Day Comes Four Times A Year (NAPSA)—For more than 10 mil- lion Americans, tax day comes up to four times a year. Many small business owners,as well as people earning income from investments, rental property or alimony, are often required to pay quarterly estimated taxes every April, June, September and January. Manyfilers struggle to determine how much they owe, or worse, forget to make payments altogether—a costly mistake when underpaymenttypically results in additional penalties and fines. “Paying estimated taxesis a real hassle,” says Matt Hammond, a Tustin, California-based commer- cial real estate broker. “Having to account for things like safe-harbor computations, percentages and spe- cial rules that apply can be complicated. In addition, just remembering to send my paymenton time is difficult and then I worryif it got there.” Last year, Hammond was oneof the taxpayers whose payment to the IRS ended up at the bottom of San Francisco Bay when a truck carrying 30,000 tax documents and paymentstipped over. Fortunately, there are ways to makefiling “quarterlies” easier. For instance, a new online service from the makers of TurboTaxfully automates estimated tax calcula- Paying estimated taxes just got easier for those that opt to go online. tions and payment. TurboTax Estimated Taxes can help eliminate the headaches and hassle associated with making estimated tax payments. The online service features a calculator to determine how muchto pay, quarterly e-mail reminders and online record keeping, so tax-time surprises are a thing of the past. In addition, the service elec- tronically files payments and provides confirmation from the IRS— meaningfilers like Hammond may get some peaceof mind. For more information aboutfiling quarterly estimated taxes, visit www.estimatedtaxes.com.
