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How to figure estimated tax (1/2)










                                                                            03               Figure Estimated




                                                                                             Tax


                                                                                            Individuals, including sole

                                                                                            proprietors, partners, and S
                                                                                            corporation shareholders,

                                                                                            generally use Form 1040-ES,
                                                                                            to figure estimated tax.
                                                                                            To figure your estimated tax,

                                                                                            you must figure your
                                                                                            expected adjusted gross

                                                                                            income, taxable income,
                                                                                            taxes, deductions, and
                                                                                            credits for the year.








                                                    /!\ Corporations generally use Form 1120-W,

    https://lentcpa.com                             to figure estimated tax. /!\                                                     35
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