HOFFLERSMITH FINANCIAL – TAX PROBLEM SPECIALIST
Estimated Tax Planning
Avoid IRS underpayment penalties and tax-season surprises with strategic quarterly tax planning.
Quarterly Estimated Tax Payments
If you are self-employed, own a business, receive freelance income, or have significant investment income, you are likely required to pay quarterly estimated taxes. Failing to do so correctly results in underpayment penalties — even if you pay the full amount when you file.
Who Needs to Pay Estimated Taxes?
- Self-employed individuals and sole proprietors
- S-Corp and partnership owners receiving pass-through income
- Investors with significant capital gains or dividends
- Landlords with rental income not covered by withholding
- Anyone who expects to owe $1,000 or more when they file
Quarterly Estimated Tax Deadlines
- Q1: April 15
- Q2: June 15
- Q3: September 15
- Q4: January 15 (following year)
How We Help
We calculate your estimated tax liability based on your actual income and deductions each quarter — not just a rough estimate. This prevents overpayment (tying up cash unnecessarily) and underpayment (triggering penalties). We also adjust your estimates throughout the year as your income changes.
Ready to Resolve Your Tax Issue?
HofflerSmith is a family-owned firm in Cherry Hill, NJ. We represent individuals and businesses directly with the IRS — so you don’t have to face this alone.