Estimated Taxes Reminder

Just a friendly reminder for those of you who may owe estimated taxes – the deadline for filing is Tuesday, September 15th. Estimated taxes are due four times per year on the dates listed below, or the following business day if the due date falls on a weekend or holiday.

• April 15th
• June 15th
• September 15th
• January 15th

Who owes estimated taxes? If your employer withholds taxes from your paycheck and you don’t have any other forms of income, you probably don’t need to worry about estimated taxes. If you are self employed, or receive income that does not have taxes withheld, then you may need to pay estimated taxes (and possibly self-employment tax). If you are not sure if you owe estimated taxes, then I recommend checking out this estimated taxes guide, or contacting an accountant for more information.

Recommended Financial and Career articles:

• The Article Cash4Gold Doesn’t Want You To Read. This is an excellent article that I highly recommend. It’s long, but well worth the read.
• The Importance of Paying Your Dues. I often see the attitude of “wanting it all” without he willingness to work for it. Delayed gratification is a lost art.
• Do a Background Check Before Hiring Your Financial Advisor. I don’t recommend blindly handing over your money to someone without knowing a little about them first.
• Should Founders Be Allowed to Take Money off the Table?. This is an interesting article about venture capitalists and entrepreneurship.
• What is a Security Freeze and Other Related Questions. Great tips for anyone who is concerned about having their identity stolen.
• Lawyers, insurance firms cash in on fantasy football Fantasy sports is not only a fun hobby for millions of people, but a booming business opportunity for lawyers, mediators, and insurers. It’s amazing. And understandable.
• The Woman With the Well – How Nellie Survived the Great Depression. My grandmother has shared stories about growing up in the Depression era. I’m sure some of her thriftiness and frugal ways found their way to me!
• How To Hitchhike. I’ve never hitchhiked, but I’ve picked up a rider or two a few years back.
• Why you need renters insurance. Renter’s insurance is inexpensive and easy to obtain… and something everyone should have (or homeowner’s insurance).

This week’s carnivals:

• Best of Money Carnival @ Studenomics.
• Carnival Of Twenty Something Finances: Sep 7th @ One Advice.
• Carnival of Money Stories #18 – Labour Day Edition @ The Canadian Finance Blog.
• Tax Carnival #57: Labor Day 2009 @ Don’t Mess With Taxes.
• Carnival of Financial Planning #106 – September 12, 2009 @ My Wealth Builder.
• Economy and your Finances Carnival – September 13, 2009 @ One Mint.

Tagged as: estimated taxes, self employment tax, Small Business