12+
Years Serving NYC
50
States Served
19
Countries Served
5★
Rated on Yelp
Open
Evenings & Weekends
Quarterly estimated taxes are advance payments made to the IRS on income not subject to withholding. This includes income from self-employment, dividends, interest, rents, and more. By paying these taxes quarterly, you can avoid penalties and interest charges, making it a vital part of your financial planning.
The Obligations
If you have received income from any of the following sources, it is likely that you should be paying quarterly estimated taxes to the IRS. Additionally, you may owe taxes to state and local jurisdictions where you reside or work:
K-1 Income
This includes income from private equity investments, law firms, oil & gas, real estate, and other business ventures. Any type of K-1 may trigger the need to file quarterly estimated taxes.
1099-MISC Income
This form is for consulting, self-employment, contracting, gig income, or any other type of non-wage income.
1099-K Income
This income comes from certain types of online accounts where you may have made money, such as eBay or Square.
1099-B, 1099-DIV, and 1099-INT
These forms are for significant investments or gains.
Single-Member LLCs
If you are showing net income after expenses in any given quarter, you may need to pay estimated taxes.
S-Corps or Dividends from C-Corps
These may also necessitate quarterly estimated tax payments.
Partnership Income
Income from partnerships is subject to estimated tax payments.
Significant W2 Income
If historically not enough taxes were withheld by the employer/HR/Payroll, you may need to pay quarterly estimated taxes.
Other Income Sources
This includes court settlements, gambling winnings, prize winnings, alternative investments, bitcoin gains, sale of land, and more.
Benefits of Paying Quarterly Estimated Taxes
Avoid Penalties
Timely payments help you avoid penalties and interest charges imposed by the IRS.
Better Cash Flow Management
Quarterly payments allow you to manage your cash flow more effectively throughout the year.
Financial Planning
Regular payments help you plan your finances better, avoiding a large tax bill at the end of the year.
Compliance
Ensures compliance with federal, state, and local tax laws.
Free initial phone consultation
Not sure whether you owe estimated taxes?
Tell us where your income comes from — K-1s, 1099s, an LLC, an S-Corp, or under-withheld wages — and we'll tell you what you should be paying each quarter.
Our Offerings
Meeting the requirements for quarterly estimated taxes can be daunting, but our team is here to simplify the process for you. Our expertise ensures that you comply with all regulations and avoid penalties. Here's what sets our services apart:
Comprehensive Calculation
We provide accurate calculations of your estimated tax payments based on your income sources and financial situation.
Timely Filing
We ensure that your quarterly estimated taxes are filed on time, preventing any last-minute rush or missed deadlines.
State and Local Tax Compliance
Besides federal taxes, we also handle your state and local tax obligations, ensuring complete compliance.
Personalized Consultation
We offer a free initial phone consultation to understand your specific needs and provide tailored advice.
Experienced Professionals
Our team consists of seasoned tax professionals with extensive experience in managing quarterly estimated taxes for clients across various industries.
Our Process
Our quarterly estimated tax services are designed to make the process seamless and stress-free for you. Here's how we can assist you:
- 01
Initial Fact-Finding
We begin with a consultation or quick email dialogue to understand your quarterly estimated tax needs, and discuss how we can best support your business.
- 02
Accurate Calculation
Our experts calculate your quarterly estimated taxes accurately, considering all relevant factors.
- 03
Timely Reminders
We provide reminders for upcoming payment deadlines, ensuring you never miss a due date.
- 04
Filing Assistance
We assist with the filing process, ensuring all forms are correctly filled out and submitted on time.
- 05
Ongoing Support
Our team is available year-round to answer any questions and provide ongoing support for your tax needs.
Trusted by Our Clients
Craig Herrera
Mar 2024
“We were so relieved and excited to find a group of professionals who could help us with our taxes after we had a terrible experience with our previous accountant. The George Dimov…”
J. Colton Thompson
Feb 2024
“I've used Dimov Tax Specialists twice now. Once for fixing some covid cares act shenanigans, and again for my regular filing featuring rental income and a schedule K. They did a gr…”
Robbie
Jan 2024
“I worked with Dimov tax this year as I had some confusion over forms that needed to be filed as an expat. From the moment I reached out to George I knew these were the correct peop…”
Parth Nabar
Apr 2024
“Prompt responses, professional staff, great expertise and easy process. Recommend.”
Charles Lynch
Mar 2024
“Very quick and accurate service. Helpful and kind advisors. Will definitely be using again.”
Sanja Kupesic
Mar 2024
“I've been a client of Dimov Tax Specialists in Washington DC since 2022, and they've consistently provided exceptional service. Senior Accountant Christina has been outstanding—pro…”
Jose Del Solar
Feb 2024
“My experience with Dimov was great - they were very helpful answering all my questions and filing my return smoothly and efficiently!”
Ryan Hart
Jan 2024
“George and his company started doing my taxes two years ago, and it's always been easy, fast and I get an excellent return, way ahead of April 15. I would highly recommend.”
Erin Magee
Apr 2024
“Amazing experience. They are really the tax experts!”
Let's get you compliant
Quarterly Estimated Taxes
Looking for assistance with your quarterly estimated taxes? Contact us today to schedule your free initial phone consultation. We are here to help you calculate and file your quarterly estimated tax filings accurately and on time. We serve clients from all 50 states and 19 countries, providing expert tax services to meet your unique needs. Let us handle your quarterly estimated taxes so you can focus on what you do best.
