Electronic payment of estimated taxes

Forum|Forum|1 year ago
July 7, 2025
2 replies
13 views

Client forgets to make timely estimated payments. What is the easiest way for him to do so? Am I able to arrange it for him to be done automatically?

ProSeries Professional

sjrcpa

Level 15

Have client go to irs.gov Direct Pay

With the exception of a couple of states you can only set these up electronically when you efile the actual tax return.

The more I know the more I don’t know.

G

GretaAuthor

Level 7

Is it possible to arrange estimated payments for VIRGINIA when I efile the return?

BobKamman

Level 15

This situation often involves someone who pays $10,000 in estimated tax while keeping a balance of $100,000 in their checking account that earns less than 1% interest. Give them one voucher to pay all of their estimated tax in April, and tell them not to worry about it for the rest of the year. As an alternative, what income do they have that can be a source for withholding? Probably Social Security, and although I don't recommend it because it's too difficult to change, that could eliminate the need for estimated tax payments.

G

GretaAuthor

Level 7

My client owes $26,500 per quarter in federal taxes, 8K state tax quarterlies.

In the irs.gov payment link, is it possible to schedule the quarterly payments ahead of time for the entire year?

He forgot the 2nd quarter, and is pissed about the minimal penalty for doing it late.

BTW, I hand out social security withholding vouchers by the dozens. It's super easy to arrange the federal withholding for elderly clients whose income is largely from investments. This particular client has a big IIRMA deduction, I will check to see how much is left for federal withholding, but out of the 100K annual tax, this will not make much of a dent. On the other hand, he will feel less bad in writing those big checks. Of course, he detests the govt.

sjrcpa

Level 15

You can schedule federal estimated tax payments in advance, but I think you can only do two payments in 24 hours (whether same day or advance)

VA lets you schedule all of the payments on their website. I don't use ProSeries so don't know.

The more I know the more I don’t know.

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