Painless Tax Postponement

One of the most common client complaints is that upper-income taxpayers must make quarterly estimated income tax payments. These payments can cause cash flow difficulties, especially for owners of closely held businesses. The only alternative most practitioners offer clients is to wait to pay the entire income tax balance due with their annual return and pay interest on any underpayment. Yet there

David B. Kearns | Nov 01, 2003

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One of the most common client complaints is that upper-income taxpayers must make quarterly estimated income tax payments. These payments can cause cash flow difficulties, especially for owners of closely held businesses. The only alternative most practitioners offer clients is to wait to pay the entire income tax balance due with their annual return — and pay interest on any underpayment.

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