If you are a business owner, then it is important you understand how to pay your quarterly estimated taxes.

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W-2 employees have their taxes automatically withheld and sent to the IRS for them but when you work for yourself, this responsibility is on you.

And if you don't do this, the IRS imposes some hefty penalties and interest. You don't want to pay the IRS more than you legally have to right?

So in this video, I explain how to figure out your estimated tax payments and where to send them to so you can avoid unnecessary IRS fees.

Watch to learn more.

Outline:
Intro: (0:00)
What are estimated tax payments: (1:26)
How to figure your estimated tax payments (method 1): (2:00)
How to figure your estimated tax payments (method 2): (5:11)
Where to pay your estimated tax payments: (6:24)

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).