declaration of estimated tax Synonyms

No Synonyms and anytonyms found

declaration of estimated tax Meaning

Wordnet

declaration of estimated tax (n)

return required of a taxpayer whose tax withheld from income does not meet the tax liability for the year

declaration of estimated tax Sentence Examples

1. As a self-employed individual, I need to submit a declaration of estimated tax to the IRS quarterly.
2. Failing to file a declaration of estimated tax can result in penalties and interest charges.
3. My accountant advised me to make adjustments to my declaration of estimated tax to avoid underpayment penalties.
4. The declaration of estimated tax allows freelancers and independent contractors to pay their taxes gradually throughout the year.
5. When my income fluctuates, I must reassess my declaration of estimated tax to ensure I'm meeting my tax obligations.
6. Completing a declaration of estimated tax requires careful calculation of expected income and deductions.
7. I always keep meticulous records to support the figures on my declaration of estimated tax.
8. Before submitting my declaration of estimated tax, I consult with a tax professional to ensure accuracy.
9. The IRS provides forms and instructions to assist taxpayers in completing their declaration of estimated tax.
10. Each quarter, I review my financial situation and adjust my declaration of estimated tax accordingly to avoid surprises at tax time.

FAQs About the word declaration of estimated tax

What is the meaning of the word declaration of estimated tax

return required of a taxpayer whose tax withheld from income does not meet the tax liability for the year

What are the synonyms of the word declaration of estimated tax

No synonyms found.

What are the antonyms of the word declaration of estimated tax

No antonyms found.

What is the usage of word declaration of estimated tax

As a self-employed individual, I need to submit a declaration of estimated tax to the IRS quarterly.

Failing to file a declaration of estimated tax can result in penalties and interest charges.

How to use the word declaration of estimated tax in a sentence?

My accountant advised me to make adjustments to my declaration of estimated tax to avoid underpayment penalties.

The declaration of estimated tax allows freelancers and independent contractors to pay their taxes gradually throughout the year.