Estimated Payments Due 6-15

published June, 2012

For individuals who owe estimated payments, the second payment for 2012 is due June 15. Yes, I know, it isn’t quite the end of the second quarter yet, but the amount is based on what you owed for 2011, but if you’re making a ton more money in 2012, let me know so we can adjust your payment amount up. Also, if you’re making a lot less, let me know this as well, so we can adjust your payment down.

For corporations, the second quarter payment is also due June 15. If you have a corporation and you’re making money, you probably have to make payments for the corp AND yourself!

The systems is supposed to be a “pay as you go” plan so you make the income tax payments as you are earning the money.