1. Intro to online payment system: EFTPS

2.  Its shockingly common

7.  Explain estimated tax payments
 Who has to Pay
 Why Its Crucial
 Estimating income
 Electronic FederalTax Payment system

8.  Estimated tax is the method used to pay tax on:
 Untaxed earnings
 Self-employment
 Rents
 Unemployment and SS benefits without voluntary
withholding,
 PayTaxes 4 times a year
 January
 April
 June
 September

9.  General Rule you expect to owe $1,000+
 Self Employed
 Home based business owners

10.  You do not want to go to prison
 You can’t afford the penalties and interest
 You do not want assets to be garnished
 In your older years you do not want the tax
burdern

11.  Online Payment System
 Internet can help you organize your business
 Make Payments electronically
 Secure, Easy and Convenient
 Funds Move out of your account on the date you
select

15.  Form 1040-ES (PDF) helps you calculate
 Use PriorYear as a Guide
 Income, deductions, credits include it all
 Do not underpay taxes
 Interest and penalties