Question

IRS payment vouchers

Forum|Forum|6 years ago
March 13, 2020
1 reply
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I have 4 IRS payment vouchers and I did not select the pay in advance option; what do I do?

Employee

You have four vouchers that say 1040ES? Those are optional vouchers that you can use to pay estimated 2020 tax each quarter during 2020. You do not have to use them. But if you expect to owe more than $1000 at tax time next year, it is a way to avoid having an underpayment penalty.

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