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.
How much estimated tax do I have to pay? The amount you have to pay in estimated taxes over the course of the year must be at least 100% of what you owed the IRS last year, or 90% of what you will owe the IRS this year.he IRS, and most states that collect estimated taxes, require that you pay on a quarterly basis. The IRSâs notion of quarterly, however, does not line up perfectly with the fiscal quarters used by most of the private sector. The schedule below shows the due dates for your four 2012 quarterly tax payments.