Form 1040-Es - Estimated Tax For Individuals - 2016 Page 3

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pay enough, you may be charged a penalty for
Amended estimated tax in chapter 2 of Pub. 505. If an
underpaying your tax. See When a Penalty Is Applied,
estimated tax payment for a previous period is less than
later.
one-fourth of your amended estimated tax, you may owe a
penalty when you file your return.
You can make more than four estimated tax
When a Penalty Is Applied
payments. To do so, make a copy of one of your
TIP
unused estimated tax payment vouchers, fill it in,
In some cases, you may owe a penalty when you file your
and mail it with your payment. If you make more than four
return. The penalty is imposed on each underpayment for
payments, to avoid a penalty, make sure the total of the
the number of days it remains unpaid. A penalty may be
amounts you pay during a payment period is at least as
applied if you did not pay enough estimated tax for the
much as the amount required to be paid by the due date
year or you did not make the payments on time or in the
for that period. For other payment methods, see How To
required amount. A penalty may apply even if you have an
Pay Estimated Tax, later.
overpayment on your tax return.
No income subject to estimated tax during first pay-
The penalty may be waived under certain conditions.
ment period. If, after March 31, 2016, you have a large
See chapter 4 of Pub. 505 for details.
change in income, deductions, additional taxes, or credits
How To Pay Estimated Tax
that requires you to start making estimated tax payments,
you should figure the amount of your estimated tax
payments by using the annualized income installment
Pay Online
method, explained in chapter 2 of Pub. 505. If you use the
Paying online is convenient and secure and helps make
annualized income installment method, file Form 2210,
sure we get your payments on time. You can pay using
Underpayment of Estimated Tax by Individuals, Estates,
either of the following methods.
and Trusts, including Schedule AI, with your 2016 tax
Direct transfer from your bank account. Click on “Pay
return even if no penalty is owed.
Your Tax Bill” and then “IRS Direct Pay.”
Farmers and fishermen. If at least two-thirds of your
Debit or credit card. Click on “Pay by Card.”
gross income for 2015 or 2016 is from farming or fishing,
To pay your taxes online or for more information, go to
you can do one of the following.
Pay all of your estimated tax by January 17, 2017.
File your 2016 Form 1040 by March 1, 2017, and pay
Pay by Phone
the total tax due. In this case, 2016 estimated tax
Paying by phone is another safe and secure method of
payments are not required to avoid a penalty.
paying electronically. Use one of the following methods.
Fiscal year taxpayers. You are on a fiscal year if your
Direct transfer using Electronic Federal Tax Payment
12-month tax period ends on any day except December
System (EFTPS).
31. Due dates for fiscal year taxpayers are the 15th day of
Debit or credit card.
the 4th, 6th, and 9th months of your current fiscal year and
Direct Transfer. To use EFTPS, you must be enrolled.
the 1st month of the following fiscal year. If any payment
You can enroll online or have an enrollment form mailed to
date falls on a Saturday, Sunday, or legal holiday, use the
you. To make a payment using EFTPS, call
next business day.
1-800-555-4477 (English) or 1-800-244-4829 (Espanol).
Name Change
People who are deaf, hard of hearing, or have a speech
disability and who have access to TTY/TDD equipment
If you changed your name because of marriage, divorce,
can call 1-800-733-4829. For more information about
etc., and you made estimated tax payments using your
EFTPS, go to
former name, attach a statement to the front of your 2016
paper tax return. On the statement, show all of the
Debit or credit card. To pay using a debit or credit card,
estimated tax payments you (and your spouse, if filing
you can call one of the following service providers. There
jointly) made for 2016 and the name(s) and SSN(s) under
is a convenience fee charged by these providers that
which you made the payments.
varies by provider, card type, and payment amount.
Be sure to report the change to your local Social
WorldPay US, Inc.
Security Administration office before filing your 2016 tax
1-844-PAY-TAX-8
(1-844-729-8298)
TM
return. This prevents delays in processing your return and
issuing refunds. It also safeguards your future social
security benefits. For more details, call the Social Security
Official Payments Corporation
Administration at 1-800-772-1213 (TTY/TDD
1-888-UPAY-TAX
(1-888-872-9829)
TM
1-800-325-0778).
How To Amend Estimated Tax
Link2Gov Corporation
Payments
1-888-PAY-1040
(1-888-729-1040)
TM
To change or amend your estimated tax payments,
refigure your total estimated tax payments due (see the
2016 Estimated Tax Worksheet). Then, to figure the
For the latest details on how to pay by phone, go to
payment due for each remaining payment period, see
-3-
Form 1040-ES (2016)

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