Advance tax paymnet for long term capital gain

[gk]

Hi,

One of my client wants to pay Advance Tax payment for a long term capital gain of around 200K.  How can he do that??Please Advise

[dkh]

My understanding of your question is your client needs to make an estimated tax payment for the 2020 tax return tax liability.   Use IRS Direct Pay.    https://directpay.irs.gov/directpay/payment?execution=e1s1

[itonewbie · Accepted solution]

Make a 4th quarter ES-tax payment, preferably, electronically.  But what's the hurry if your client already has F.2210 penalty covered and will settle the balance due by Tax Day?  Most would rather keep their money (and get better return) than sending it to Uncle Sam.

[gk]

Thank u...

[gk]

Thank u

[itonewbie]

NP, @gk!