How do I set up estimated tax payments to IRS?

@DrEH  Depends on what you mean.

If you're wanting to make quarterly estimate payments on your income taxes electronically, EFTPS is a good resource.

Here is a link to their FAQ on the subject.

https://www.eftps.gov/eftps/direct/FAQGeneral.page#howEnroll

Good day, DrEH. Let me guide you on how to make estimated tax payments to the IRS.

For QuickBooks Self-employed user, here's how:

1. Click on Taxes.
2. Choose the appropriate year you're working with.
3. Click on the Quarterly tab.
4. Select the specific quarter for which you want to record the tax payment.
5. Click on Find your estimated tax payments next to the option saying Don't see your payment?
6. Check off the tax payment.
7. Click Mark as tax payment.

Additionally, your estimated taxes will show up in the Tax Summary and Tax Details reports. For more information, check the Estimated Taxes section of this article. QBSE Schedule C Categories Breakdown.

You can access this IRS website to gain more understanding about making payments and other necessary information in setting up Estimated tax payments.

Please let me know if you need clarification about making Estimated tax payments to the IRS.

Wanting to pay quarterly estimates through QB.

For now, we can pay estimated taxes directly through the IRS website, DrEH. However,  QuickBooks Online helps accurately calculate the tax amount so you can easily pay it. I'll walk you through the steps. 

Here's how to see your tax estimate:

1. Sign in to QuickBooks Online.
2. Go to Taxes, then Income Tax.
3. Select Tax estimate. The total amount you might owe for federal income and self-employment tax is at the top. Select any number to see details on how it was calculated, the rates used, and more.

You can make estimated tax payments using Form 1040-ES by mail, electronically online, by phone, or through the IRS2Go app. We can visit this website to Make a Payment to see all options.

To efficiently manage your tax deductions throughout the year, I'd suggest engaging with your accountant. 

We can check out these resources, for your complete reference on how to file your business taxes in QBO: QuickBooks Live Tax in QuickBooks Online.

For future reference on how to record, adjust, and delete sales tax payments in the tax center, check out this resource: Manage sales tax payments in QuickBooks Online.

Before we wrap up, I suggest you explore QuickBooks Live Expert Assisted to streamline your accounting, maintain precise financial records, and access professional support. This could free up valuable time, allowing you to concentrate on expanding your business.

If you have additional questions about using the appropriate IRS form, don't hesitate to reach out here. We're available to offer assistance. Have a great day.