This is our friendly reminder that 4th quarter estimates will be due on January 15, 2024. Federal and state estimates are required for Schedule C filers, c-corporations and on pass-through entities such as s-corporations or partnerships since the tax structure is a pay-as-you-go system. Estimates may also be required if you have had any substantial taxable transactions where tax was not withheld i.e. stock sales with gains, unemployment payments or sale of capital assets. To ensure that we will meet and comply with these regulations, please take a moment to review your income and expenses for this year-to-date to determine if a payment is due and to see if you have had any unusual circumstances during the year that may require estimated payments.
If you need assistance with your estimates please contact me by January 5, 2024 to allow us enough time to gather information needed to meet the deadline.
We appreciate your continued support and look towards future success.
Regards,
Twila Wilt, CPA