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Who must pay estimated taxes, how much to pay and when to pay them.

Information about Form 1040-ES, Estimated Tax for Individuals, including recent updates, related forms, and instructions on how to file. Form 1040-ES is used by persons with income not subject to tax withholding to figure and pay estimated tax. Use this form to figure and pay your estimated tax.

Form 1040-ES, Estimated Tax for Individuals, is used by persons with income not subject to tax withholding to figure and pay estimated tax.

Corporations (including S corporations), tax-exempt organizations subject to the unrelated business income tax, and private foundations use Form 2220, Underpayment of Estimated Tax By Corporations, to determine whether they are subject to the penalty for underpayment of estimated tax and, if so, the amount of the underpayment penalty for the period that applies.

Publication 505, Tax Withholding and Estimated Tax - The federal income tax is a pay-as-you-go tax. You must pay the tax as you earn or receive income during the year. There are two ways to pay as you go, withholding and paying estimated tax.

Corporations (including S corporations), tax-exempt organizations subject to the unrelated business income tax, and private foundations use Form 2220, Underpayment of Estimated Tax By Corporations, to determine whether they are subject to the penalty for underpayment of estimated tax and, if so, the amount of the underpayment penalty for the period that applies.

Use Form 2210, Underpayment of Estimated Tax by Individuals, Estates and Trusts, to see if you owe a penalty for underpaying your estimated tax and, if you do, to figure the amount of the penalty.

Form 4466, Corporation Application for Quick Refund of Overpayment of Estimated Tax - Any corporation that overpaid its estimated tax for the tax year may apply for a quick refund if the overpayment is at least 10% of the expected tax liability; at least $500.

A trust or, for its final tax year, a decedent’s estate may elect under section 643(g) to have any part of its estimated tax payments (but not income tax withheld) treated as made by a beneficiary or beneficiaries. The fiduciary files Form 1041-T, Allocation of Estimated Tax Payments to Beneficiaries, to make the election. Once made, the election is irrevocable.

Persons whose gross income from farming or fishing is at least two-thirds of their gross annual income use Form 2210-F, Underpayment of Estimated Tax By Farmers and Fishermen, to see if they owe a penalty for underpaying their estimated tax.