It’s nearly time to pay the 4th Quarter Estimated Income taxes. Payments for estimated income taxes should be postmarked by January 15, 2022 (since 1/15/22 is a Saturday, technically you have until the next business day.) 

The cover letter in the 2020 tax return materials shows the specific recommendations for amount(s) to be paid. But if there have been changes to your income tax situation over the year, different amounts may need to be paid.    

If you need any assistance, please contact us directly – Marion Thompson, marion@ttatax.com. Or Ian Valdivia ian@ttatax.com. Ian Valdivia is our new team member.  He and I will be working together on all income tax returns.  Please welcome him.

If you need more vouchers or envelopes, please contact Michelle Palmer michelle@ttatax.com.  But we continue to recommend that you utilize online payment methods for accuracy and timeliness of payments.  Here are links for Federal and MD payments.  If you need a link for another state, please let us know.

Internal Revenue Service

https://www.irs.gov/payments

Comptroller of Maryland

https://interactive.marylandtaxes.gov/individuals/payment/

If your personal financial situation has changed and you think the estimated tax recommendations should be changed, or you have any questions, please email or call us at your convenience.  Careful planning will help tax time be what you want it to be.