Understanding Estimated Income Taxes!
Understanding Estimated Income Taxes?!
Many day traders, investors, and entrepreneurs have a hard time grasping the concept of estimated income taxes. If you ever wondered what this means this is the video for you!
Underpayment of Estimated Tax – IRS Worksheet link
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Time Stamps
0:00 Introduction
1:47 What are Estimated Income Taxes
2:10 When are they due?
2:49 How Do I Know How Much I Should Pay?
3:44 Example Walk Through
6:53 Estimated Tax Penalties
8:00 Common practices
9:48 Conclusion
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DISCLAIMER: I am not a financial adviser but fortunately I am a CPA :). These videos are for educational and entertainment purposes only and should not be taken as "individualized" tax advice. Should you need tax solutions I highly recommend consulting with a professional or our CPA Firm. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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