Scott B. Price, CPA

Estimated Payments Frontloaded for Tax Year 2009 and On

January 28, 2009

For tax years beginning on or after January 1, 2009, estimated personal income and corporate tax payments will require quarterly installments of 30 percent each for the first and second installments, and 20 percent each for the third and fourth installments. For example, calendar year taxpayers will be required to pay 60 percent of their estimated tax by June 15, 2009, for the 2009 tax year.

(source: calcpa)