Just had a client ask me today if he could shedule his estimated tax payments to come directly out his checking account on a quarterly basis.
There are two ways to have this automatic withdrawal to occur. If you efile your return through a tax preparer, you can have your preparer designate how much to withdraw on each of the dates 4/15, 6/15, 9/15 & 1/15. You can also notify the IRS within 2 days of the payment date that you don’t want to make the payment if circumstances change. The other method is to register with EFTPS and you can designate up to a year in advance what dates and what payments you would like to have taken out of your account. For those of you who have a tough time remembering to make your estimated tax payments on time, this is a great way to take the worry out it. You just need to make sure you have money in the account on the appointed days