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Form 39R Tax Idaho

Form 39R Tax Idaho

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[Music] [Applause] hi this is teresa at the idaho state tax commission here with our tuesday tax facts our questions this week are what are estimated payments and what is a form 51 so estimated payments are essentially prepayments that you make toward your state income taxes estimated payments are not the withholding that's taken from your paychecks estimated payments are not the taxes you've paid last year they are prepayments made directly to the tax commission for your income taxes why would anybody pre-pay their taxes well let's say last year you had a tax bill that was bigger than you wanted to pay all at once now you can break those payments up over time and slowly pay off your taxes before it's time to file in idaho individual taxpayers and most businesses are not required to make estimated or quarterly payments to the state so if you plan to make estimated payments there are due dates so they have to be made before you file your tax return or if

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