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IRS estimated deposits are due today
Have you made an IRS estimated deposit this year? One quarter has already passed and another deposit is due today. Be sure to deposit at least some payments throughout the year so you avoid a big bill at the end of the year, and also avoid interest and penalties for unmade deposits.
Many real estate agents put 20% of every check into an account to pay their federal and state tax deposits throughout the year. Others do not make the estimated payments and then face a large bill at the end of the year.
Keeping good records of your costs encountered as a real estate agent as well as making timely estimated deposits brings less stress and also saves time and money.
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