As Summer comes to a close, Clergy and other Self-Employed individuals prepare to make their third estimated tax payment for the year. The third payment is normally due September 15th, but since the 15th falls on a Sunday, the due date is pushed to Monday the 16th.
If you used Clergy Financial Resources to prepare your 2018 1040 tax return, you should already have coupons for mailing your estimated payments. Make sure the check clearly lists your name and social security number in the memo line, so IRS knows what account to apply the payment to.
If you have fallen behind on your estimated payments, don’t panic- there’s still time to catch up. Visit https://www.clergytaxnet.com/services/clergy-tax-preparation/estimated-payment-support-clergy/ for an estimated payment review, and let Clergy Financial help to calculate what your payments should be for the rest of the year.
Clergy Financial Resources serves as a resource for clients to help analyze the complexity of clergy tax law, church payroll & HR issues. Our professionals are committed to helping clients stay informed about tax news, developments and trends in various specialty areas.
This article is intended to provide readers with guidance in tax matters. The article does not constitute, and should not be treated as professional advice regarding the use of any particular tax technique. Every effort has been made to assure the accuracy of the information. Clergy Financial Resources and the author do not assume responsibility for any individual’s reliance upon the information provided in the article. Readers should independently verify all information before applying it to a particular fact situation, and should independently determine the impact of any particular tax planning technique. If you are seeking legal advice, you are encouraged to consult an attorney.
For more information or if you need additional assistance, please use the contact information below.
Clergy Financial Resources
11214 86th Avenue N.
Maple Grove, MN 55369
Tel: (763) 425-8778
Fax: (888) 876-5101