Tax payment question

[manlymatt83]

I have to pay quarterly taxes to the government since I earned some income on 1099. If I just have my bank send them a check with my social security # as the subject line, will that work, or do I have to get a cashiers check/money order and mail it? (I use an online bank only).

Thanks.

 

[guyver01]

http://taxes.about.com/od/taxp...ht/estimated_taxes.htm

Mail your estimated tax payment to your IRS Service center using Form 1040-ES. Make your check payable to "United States Treasury" and be sure to put your Social Security Number on your check.

Better yet, make your estimated tax payments via the Electronic Federal Tax Payment System, or EFTPS. EFTPS is online bill pay for your federal taxes. What I like most about EFTPS is the ability to set up recurring monthly payments, so paying estimated taxes becomes part of the monthly budget. Also, you can print out a report of all estimated tax payments, which comes in handy at tax time.

 

[manlymatt83]

Thanks guyver for that info. I'll check it out.