Additional Information
If you feel you will owe, it would be a good idea to send something with the extension even if it is simply a guesstimate on your part.
A good rule of thumb is that 1/3 of your taxable activity goes for taxes. So if you received $90,000 of income and there was NO withholding or estimated tax payments made, you will owe approximately $25,000 federal taxes and $5,000 in state taxes.
Please REMEMBER, the first quarter payment of 2023 (twenty three) is also due at this time. That money can be sent along with your extension. We don't need two checks. You can add the amounts together.
A good rule of thumb is that 1/3 of your taxable activity goes for taxes. So if you received $90,000 of income and there was NO withholding or estimated tax payments made, you will owe approximately $25,000 federal taxes and $5,000 in state taxes.
Please REMEMBER, the first quarter payment of 2023 (twenty three) is also due at this time. That money can be sent along with your extension. We don't need two checks. You can add the amounts together.