Learn or Find Bookkeeping, Payroll, Accounting, QuickBooks, or Tax Terms

Select a letter below or enter a term or keyword.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



Estimated tax

Individual taxpayers must pay estimated taxes on as many as four payment dates unless estimated tax is not expected to exceed $1,000. A corporation deposits its estimated tax in advance on as many as four payment dates (April 15, June 15, September 15, and December 15 for calendar-year corporations). Trusts and estates must make quarterly estimated tax payments in the same manner as individuals, except that an estate is exempt from making such payments during its first two taxable years.