June 15, 2011, is the due date for making your second installment of 2011 individual estimated tax! June 15 is also the due date for calendar-year corporations to make their second quarter 2011 estimated tax payment.
As a business owner, investor, or wage earner it is very wise and, in most instances, a requirement for you to pay estimated taxes or to make sure you are not under withheld on your income tax payments. Cohesive Tax is here to provide you with that service.
If you received estimated tax vouchers with your 2010 income tax return, you are paying based on last year’s income and expense. It is advisable to pay based on current year income and expense so you can be assured you are paying the correct amount in estimated taxes or having the correct amount withheld from your paycheck. You do not want to over pay or underpay your income taxes.