Paramount Investment Advisors, Inc. | A fee only financial planning and investment advisory firm that operates as a fiduciary
  • Home
  • About Us
    • Chris Hardy
    • Tracey Ann Gordineer
  • How We Work
  • Our Services
  • Media
  • Contact Us
  • Appointments
  • Client Login
    • Financial Plan Login >
      • Financial Plan Login
      • Pre-2019 - Financial Plan Login
    • Investment Account Login >
      • Schwab
      • Pershing & SSG
    • 401k Login >
      • Guideline
      • Employee Fiduciary
  • What We're Reading Now
  • Home
  • About Us
    • Chris Hardy
    • Tracey Ann Gordineer
  • How We Work
  • Our Services
  • Media
  • Contact Us
  • Appointments
  • Client Login
    • Financial Plan Login >
      • Financial Plan Login
      • Pre-2019 - Financial Plan Login
    • Investment Account Login >
      • Schwab
      • Pershing & SSG
    • 401k Login >
      • Guideline
      • Employee Fiduciary
  • What We're Reading Now

Do I Need to Start Making Estimated Federal Income Taxes?​

Do I Need to Start Making Estimated Federal Income Taxes?

Income tax planning is critical to your financial success. Navigating our complicated federal pay-as-you go income tax system can be difficult. Adding further complexity, you must understand and adapt to changes in tax laws and your personal circumstances. In each tax year, it is important to ensure that you are properly paying federal income tax liability in order to avoid penalties. Frequently, you may need to make estimated payments to avoid penalties for late payments and/or underpayments.
To help you guide through an estimated payments analysis, we have created this flowchart. The decision points identify factors that may trigger a need to make or increase estimated payments, including:
  • Self-employment, rental, and investment income
  • Unexpected increases in income
  • Multiple sources of income
  • Underwithholding

Download your flowchart below!
do-i-need-to-start-making-estimated-federal-income-tax-payments-2022.pdf
File Size: 122 kb
File Type: pdf
Download File

What Next?

If you have some lingering questions after reviewing the checklist, feel free to schedule a call or come in for a review. You can use the links below.

Schedule a Call
Schedule a Meeting

OFFICE LOCATION

4315 S Lee Street
Suite 400
Buford, GA 30518

Financial Links
Copyright 2008-2022 | Paramount Investment Advisors, Inc.