Thursday, June 14, 2007

Taxes: Pay your estimated taxes online

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The June 15th tax deadline looms, which means freelancers, sole proprietors and other misc income-making individuals and small businesses have an estimated quarterly tax payment to make. Up until now estimated tax payments were one of the last things that I wrote a dead tree paper check for; but it turns out I was living in 2001. The US Department of Treasury offers EFTPS, an online payment system that takes electronic estimated tax payments. The catch is you have to enroll online and wait up to 15 days to get your PIN number via snail mail, so it's already too late for this payment deadline. Also, not sure about other states, but California's Franchise Tax Board also offers online payment, too.