Form 1040 ES

Category:Tax

f1040ES.2013.pdf

Form Instructions

INSTRUCTIONS: IRS FORM 1040-ES (ESTIMATED TAX FOR INDIVIDUALS)

As an individual taxpayer, you may submit an IRS Form 1040-ES to calculate how much you must pay on anticipated wages from which taxes have not been withheld. This form can be found on the official website of the IRS. This article discusses the form, which is part of a larger file containing instructions and other information.

IRS Form 1040-ES (Estimated Tax For Individuals) Step 1: On page five, a worksheet is provided for those who need to calculate self-employment taxes and deductions. If you are not self-employed, you do not have to complete this section. This is for your use and is not submitted to the IRS.

IRS Form 1040-ES (Estimated Tax For Individuals) Step 2: Page seven contains the estimated tax worksheet. Consult the instructions to enter your expected, adjusted gross income for 2012 on line 1.

IRS Form 1040-ES (Estimated Tax For Individuals) Step 3: Enter the number of deductions you plan on claiming on line 2. Otherwise, enter the standard deduction.

IRS Form 1040-ES (Estimated Tax For Individuals) Step 4: Subtract line 2 from line 1. Enter the result on line 3.

IRS Form 1040-ES (Estimated Tax For Individuals) Step 5: On line 4, multiply the number of personal exemptions you are claiming by $3,800. Subtract line 4 from line 3 on line 5.

IRS Form 1040-ES (Estimated Tax For Individuals) Step 6: Use the tax rate schedules in the instructions to answer line 6.

IRS Form 1040-ES (Estimated Tax For Individuals) Step 7: In line 7, enter the alternative minimum tax from Form 6251. Add lines 6 and 7 in line 8. Add any taxes you expect to include on form 1040, line 44.

IRS Form 1040-ES (Estimated Tax For Individuals) Step 8: Enter your credits on line 9. Use the instructions to determine your credits. Subtract line 9 from line 8 on line 10. If zero or less, enter "0."

IRS Form 1040-ES (Estimated Tax For Individuals) Step 9: Perform the calculations as instructed to complete lines 13 through 17.

IRS Form 1040-ES (Estimated Tax For Individuals) Step 10: A worksheet is provided for you to determine your estimated tax payments. This is not to be filed with the IRS.

IRS Form 1040-ES (Estimated Tax For Individuals) Step 11: Four payment vouchers are included if you are submitting a payment with your 1040-ES.