In a timely reminder from the Internal Revenue Service (IRS), taxpayers, especially small business owners such as gig workers, sole proprietors, retirees, partners, and S corporation shareholders, are urged to ensure they meet the third quarter tax payment deadline of September 15, 2023.
Who Needs to Make Quarterly Payments?
Primarily, those not undergoing standard withholding need to be vigilant about these quarterly estimated tax payments. The IRS has specified two conditions to determine if you must make these payments:
