Happy Friday …. We made it safely to the end of the first full week of the new year! yay
Early this week the following email from the IRS hit our inbox in timely form, so we wanted to share!
Issue Number: IR-2022-03
Inside This Issue
IRS reminder to many: Make final 2021 quarterly tax payment by Jan. 18; avoid surprise tax bill, possible penalty
WASHINGTON − The IRS urges taxpayers to check into their options to avoid being subject to estimated tax penalties, which apply when someone underpays their taxes. Taxpayers who paid too little tax during 2021 can still avoid a surprise tax-time bill and possible penalty by making a quarterly estimated tax payment now, directly to the Internal Revenue Service. The deadline for making a payment for the fourth quarter of 2021 is Tuesday, Jan. 18, 2022.
The hotlink from the IRS email is hot and will take you to the IRS website for electronic payment, which we HIGHLY suggest you use.
Between snail mail slowness and the tremendous IRS back logs, sending a check in the mail may lead to a very delayed payment an even a loss of payment which the IRS would frown upon.
Have a Great “ES Friday Reminder” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth