Third Quarter Estimated Income Tax Payment Reminder From the California Franchise Tax Board

We received an email reminder, from the State of California Franchise Tax Board Subscription Services Department, to pay our third-quarter income taxes by the September 15 due date. We don’t usually like to recommend that you receive yet another email into your already overloaded inbox, but in this case, we do recommend that you subscribe to this service, because it is important to stay up-to-date with your tax payments.

Here is the the message we received:

Date:

September 1, 2011

Subject:

Third Quarter Estimated Tax Payment Reminder
Your third 2011 quarterly estimated tax payment is due
by September 15, 2011.Quarterly estimated tax payments for
taxable years beginning on or after January 1, 2010 are required to
be paid as follows:

  • First quarter – 30% of the required annual tax.
  • Second quarter – 40% of the required annual tax.
  • Third quarter – no payment is required.
  • Fourth quarter – 30% of the required annual tax.

You may elect to make a third quarter estimated tax payment if
your income is unevenly earned during the year of you did not make
the required payments in the first two quarters.

Use our free Web Pay service to easily pay your estimated tax online. You will need the following to pay online:

  • Your social security number.
  • The last name you used when you filed your 2009 income tax return.
  • Your bank account number and bank routing number.

Don’t want to use Web Pay?

  • If you mail a check or money order, be sure to include Form 540-ES, Estimated Tax for Individuals, with your payment.

If you have any questions or concerns about your income taxes, we can help, because Connie Yi is — in addition to being an experienced California tax attorney — a highly-qualified Certified Public Accountant who spent ten years working for one of the “Big Four” accounting firms.

If you just need some assistance preparing your taxes, we can help. If you also have unresolved legal issues concerning your taxes or finances, then you should definitely contact us for a free consultation.

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