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It 2105  Form

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welcome to estimated taxes explained my name is matt holdquist with the quickbooks university so in this video what i want to go through is uh not only you know how to pay in estimated taxes to avoid penalties with the irs but also how to quickly and easily calculate those estimated taxes now i'm going to go through some very general rules okay there are nuances to some of these rules and i always recommend that you talk to your cpa or your accountant about your specific situation but this is more or less kind of a quick and dirty way to figure out what estimated taxes you owe and to go ahead and get those paid in so you can avoid penalties okay so first of all there are two general uh ways to calculate and pay an estimated taxes the first one here is to pay in 110 of your prior year taxes and the second one is to pay in 90 of your current year taxes now that first option 110 of prior your taxes you can look at the prior year tax return and figure out these amounts the second option pa

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