youth baseball program, and are currently seeking sponsors to help defray the cost of our upcoming. season. As you know, it takes a great deal of time and money to organize and run a baseball team. Monies are needed to cover league fees, umpire fees, field rental, field maintenance, team.
You should pay taxes on the earnings from each quarter after the quarter has ended. However, the quarters arenât equal â donât let the June deadline surprise you. Estimated tax payment deadlines are below: First Quarter (January 1 to March 31): Estimated taxes due April 18, 2016.
If you are not required to make estimated tax payments, you may pay any tax due when you file your return. For additional information refer to Publication 583. Estimated tax. Generally, you must pay taxes on income, including self-employment tax (discussed next), by making regular payments of estimated tax during the year. For additional information, refer to Estimated Taxes. Self-Employment Tax. Self-employment tax (SE tax) is a social security and Medicare tax primarily for ...