Mailing address 1040 es
The infamous Form 1040-ES!
Form 1040-ES is the Electronic Federal Tax Payment System (EFTPS) form used to make estimated tax payments to the Internal Revenue Service (IRS) throughout the year. Here's what you need to know:
What is Form 1040-ES?
Form 1040-ES is a quarterly estimated tax payment form used by individuals, sole proprietors, and businesses to pay their federal income taxes on a monthly or quarterly basis. This form is used to make advance payments towards your tax liability, which helps to avoid penalties and interest.
Who needs to file Form 1040-ES?
You need to file Form 1040-ES if you expect to owe more than $1,000 in taxes for the year and meet one of the following conditions:
- You have income that is not subject to withholding, such as self-employment income, interest, dividends, or capital gains.
- You have income that is subject to withholding, but you expect to owe more than the amount withheld.
How often do I need to file Form 1040-ES?
You need to file Form 1040-ES on a quarterly basis, with payment due on the following dates:
- April 15th for the first quarter (January 1 - March 31)
- June 15th for the second quarter (April 1 - May 31)
- September 15th for the third quarter (June 1 - August 31)
- January 15th of the following year for the fourth quarter (September 1 - December 31)
Where do I send Form 1040-ES?
You can submit Form 1040-ES online or by mail. If you choose to mail your payment, send it to:
Internal Revenue Service P.O. Box 802514 Cincinnati, OH 45280-2514
What if I miss a payment or make an error?
If you miss a payment or make an error on your Form 1040-ES, you may be subject to penalties and interest. You can correct errors or make late payments by filing an amended Form 1040-ES or by making a payment online or by phone.
Remember to keep accurate records of your payments, as you may need to provide proof of payment if audited by the IRS.