In some cases you may be required to pay an estimated tax on your gambling winnings.
This includes the fourth quarter individual estimated tax payment, normally due Jan. 15, 2013.
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It also led to a surge in estimated tax payments for the subsequent year.
Such uncertainty makes tax planning--and calculating quarterly estimated tax payments for 2006--difficult, to say the least.
The amount appearing on your order as Estimated Tax may differ from the sales taxes ultimately charged.
Allow for a reduction in estimated tax payments if job creation is anticipated.
It also includes the estimated tax payment for the third quarter of 2011, which would normally be due Sept. 15.
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Calculate how much estimated tax you owe for 2006 without knowing what is going to become of the alternative minimum tax.
This includes estimated tax payment deadlines of June 17 and September 16, as well as the July 31 payroll and excise tax deadlines.
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The self-employed will feel it in estimated tax payments this year.
Ideally, your estimated tax payments should be exactly what you owe.
You may also have to pay estimated tax if the amount of income tax being withheld from your salary, pension, or other income is not enough.
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Tax refunds are great, but really suggest you were having too much withholding taken out of your pay or you made estimated tax payments that were too large.
And just like with cash, if income from bartering results in taxable income, you may be required to make estimated tax payments (subject, of course, to the regular rules for making estimated payments).
Either that or they had mulishly stubborn clients who liked getting all their income on a W-2, so they could get refunds rather than make estimated tax payments, or some other inane reason.
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They take their estimated tax payments seriously.
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One defense against the underpayment penalty is to make sure that your tax payments for 2006 (from withholding plus estimated-tax payments) add up to at least 110% of your 2005 tax bill.
It is estimated that tax evasion costs the Italian state more than 200bn euro a year, and the problem for the government is that many people see tax evasion as an unavoidable fact of life.
The elimination of the state estate tax is estimated to reduce GRF tax receipts by tens of millions of dollars, and to decrease receipts to township or municipality of estate origin by hundreds of millions of dollars annually in the aggregate statewide.
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At each turning in the capital-gains saga, government revenue estimators over-estimated realizations and revenues when the tax rate was raised and under-estimated realizations and revenues when the tax rate was lowered.
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When Congress increased the capital gains tax levy in 1986, the so-called experts at the Joint Committee on Taxation estimated that this tax increase would increase capital gains revenues.
This includes federal income tax estimated payments for the second quarter that would have normally been due on June 15, 2011.
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In the U.K., for example, I recently estimated that unpaid tax is a massively more significant issue than the government has ever recognized.
The CBO's latest Long-Term Outlook in June estimated that total tax revenues would have to double by mid-century in order to finance our current spending path.
Estimated Payments: Having tax withheld from your paycheck allows you avoid penalties on not paying enough taxes throughout the year.
Yet, the estimated 1% transaction tax would have to be global in nature for it to work, and countries as diverse as the UK and Russia are against it.
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But as Art Laffer recently estimated, reduced marginal tax rates may roughly be considered 10 times as important as reduced regulatory costs, and stable money may be considered 10 times as important as reduced tax rates.
Even accounting for the cost of setting up a regulator and a fall in corporation tax paid by the tobacco companies, the researchers estimated there was a large amount of extra tax to be made.
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