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Estimated taxes are due quarterly on specific dates during the year. The IRS mandates that the normal due dates for estimated taxes are April 15 for the first quarter of a year, June 15 for the second quarter, Sept. 15 for the third quarter and Jan.15 of the following year for the fourth quarter. Related Reading: How to Print Quarterly Taxes in QuickBooks.
Time Frame. Federal income tax is paid once per quarter. Your first payment is due by the end of the first quarter in which you earn taxable income. For example, if your business first generates income between Jan. 1 and April 1, your first tax payment is due by April 15. If it first earns income between April 1 and May 31, payment is due by June 15; between June 1 and Aug. 31, by Sept. 15; and between Aug. 31 and Jan. 1, by Jan. 15.