Tag Archives: ES Payments

ES Payment Reminder … Confirming another “NEW” RMD (Required Minimum Distribution) age of 73 … First Week in the Books … Was a busy but good one!

Posted on January 6, 2023 by | Leave a comment

Attention all ES IRS payment filers….January 17th is our due date this year for our Q4 2022 Estimated taxes!

With continued slow mail, we still like to direct everyone to the electronic filings of your state and the Federal payments system.

Tax Due Dates

Payment Due Dates


You can pay all of your estimated tax by April 18, 2022, or
in four equal amounts by the dates shown below.
1st payment . . . . . . . . . . . . . . . . . April 18, 2022
2nd payment . . . . . . . . . . . . . . . . June 15, 2022
3rd payment . . . . . . . . . . . . . . . . . Sept. 15, 2022
4th payment . . . . . . . . . . . . . . . . . Jan. 17, 2023*

  • You don’t have to make the payment due January 17,
    2023, if you file your 2022 tax return by January 31, 2023,
    and pay the entire balance due with your return.

Electronic Payment of ES Taxes

Here is the IRS tax website link, which is very easy to make electronic estimated taxes. Be sure to follow the instructions carefully as there are a lot of different options for making payments to taxes, and be sure to carefully enter your personal information so the IRS knows it’s you.

RMD Changed (again) this time to 73

As mentioned earlier, those turning 72 in the year of 2023, your new RMD age starting time is now 73! yay…. boy do they keep moving this target… at least farther out!

Hope you had a Great first week of the year… we were busy as expected, thanks for your patience on any delays!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.

jkfinancialinc

street-cents

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Posted in General Financial Planning, Investing/Financial Planning, Tax Related

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BREAK IN: Confusing Tax Due Dates – Q1 2021 ES Payments Due Next Week – A Few Clean Up Corrections … You Guys are Tough … Masters Weekend … Friday

Posted on April 9, 2021 by | Leave a comment

BREAK IN – Q1 2021 ES Tax Payments are Due Next Week

Oh boy, let the confusion begin … Just when you thought the tax due dates could not get more confusing… The following hit my inbox this week!

https://www.irs.gov/newsroom/irs-reminds-taxpayers-to-make-april-15-estimated-tax-payment

What this means is that Quarterly Q 1 ES 2021 (Income, interest, wages – anything you need to make a tax payment for) are due Next Thursday!

So, if you are scheduled to make ES payments for one reason or another, while Fed and State returns have been delayed, that ES Payment is still due next week!

As a reminder, use the mail at your own risk, we STRONGLY suggest you upload a payment at this IRS website https://www.irs.gov/payments!

Now back to our regular scheduled funny Friday Post!

Thanks so much for reading our posts…. we really do work hard on them…

Confession time for those who may have glanced over the father’s name of the Beverly Hillbillies in our Mineral Reminder Post… Jed, not Jud…. thanks to the MANY and counting who happily pointed out my mistake, you were really paying attention and also took time to humorously rib me – Well Done to you all!

I now know how to get a rise from you guys!

Secondly and more importantly, one of the links to the Social Security Website in our Social Security Post had a typo sending you to the Military service not Social Security… oops…

www.ssa.gov is the correct site.

It has been corrected in the post, but in order for you to receive it in your inbox/phone/device, I wanted to repeat here!

Ahh… Today is a Friday, heading into a Masters Weekend… ya ya the whole family are Tennis Players, but Golf Scholarships help get this one through College!

Enjoy your early Spring, Masters Friday and Weekend!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.

jkfinancialinc

street-cents

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Posted in Investing/Financial Planning, Tax Related

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The Check is in the Mail! … Nope, the Checks are Being Lost – Strongly Consider Electronic Deposits – Tax Payments – Friday

Posted on January 8, 2021 by | Leave a comment

“The Check is in the Mail!”

Remember that good ole saying?

Well, today we are finding it is just not true …. They are getting lost.

Maybe this is some type of continuation of the extreme slowness in money we saw back in December that we mentioned here.

We are getting multiple contacts from all different parts of the country and the tax system, that payments to the IRS via good old fashion check are not getting there, and in some cases are 2 to 3 months delayed.

For those needing to Pay Q 4 ES 2020 payments next week ….

We should all strongly consider making direct deposits to the federal government via the IRS.gov website and for those paying in taxes to their state directly to your individual state  … make draws from your respective asset accounts directly to the state rather than trying to mail checks.

Between trouble with the postal system, new stimulus checks being issued by the IRS, and just a likely backlog due to remote workers .. the days of mailing the check the night of the due date may be in the past for our collective safety.

Preview – Friday

Next week we will take on some new tax facts and the stimulus check associated with the stimulus plan … items that you may need to know and can share with others too….

Ahhhhh…. but today is a Friday, enjoy your day and your weekend!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.

jkfinancialinc

street-cents

Leave a comment

Posted in Investing/Financial Planning, Tax Related

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