Tag Archives: ES Payments

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

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!

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

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

“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