Our Services

Hundreds of US registered companies that prefer inkle for their regulatory processes

Customer reviews
Certified CPA

Licensed and certified accountants

Experience financial assurance with our qualified accounting professionals and CPAs with decades of experience.

Tax Pro

IRS recognised tax preparer

Certified Tax Pro: IRS-acknowledged expertise for your financial assurance.

Swift Support

Live call agent - 12 hour SLA

Responsive live call agents with a commitment to a 12-hour service level agreement, ensuring swift and efficient support.

Customer success

Cordial and English speaking

Communication with a friendly touch: Fluent English-speaking experts at your service

Filings made easy

Our services include filings of the most relevant US corporate and Federal filings for delaware C-Corps.


Beneficial Ownership Information

As of January 1, 2024, the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of Treasury, requires most legal entities, domestic or foreign, to report its Beneficial Ownership Information (BOI).

Income Tax

Form 5472

If your business was organised in the U.S. and has a foreign owner, you are required to file 5472.



FBAR refers to FinCEN Form 114, which was previously known as the Report of Foreign Bank and Financial Accounts.

Income Tax

Form 1099

Form 1099 is a set of documents that report payments that generally do not originate from an employer.

Income Tax

CA Form 100

This form is filed with the California Franchise Tax Board (FTB) on an annual basis.


409A Valuation

US corporations that hire US citizens as employees are required to obtain a 409A valuation report prior to granting ESOPs.

Income Tax

Form 8938

Form 8938, officially named the Statement of Specified Foreign Financial Assets, is used by expats to report financial assets held abroad to the IRS.

Income Tax

Form 5471

Form 5471 is a tax requirement for US owners of foreign corporations, used to declare their ownership in the company.

Income Tax

Form 926

Form 926 reports property transfers to foreign corporations by C corporations.

Income Tax

Delaware Franchise Tax Filing

Delaware's Division of Corporations requires that all business entities file an annual report.

Income Tax

Form 1120

Small businesses operating as corporations in the U.S. must file Tax Form 1120.

Income Tax

Form 7004

Extend your US Corporate Tax Filing by 6 months



BEA's benchmark survey of foreign direct investment in the United States.

Our offices

Come and visit our offices around the world

Lorem ipsum dolor sit amet consectetur adipiscing elit diam malesuada nisl enim phasellus condimentum.

Frequently Asked Questions

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Do I need monthly bookkeeping?


It's good practice (but not mandatory with Inkle).

In our experience, many founders tend to just "leave it to the deadline" - and then rush or miss the deadline. And they have little visibility into their books at any given time.

If you come to us days before the deadline, it's really tough for us to catch up your books if you have lots of transactions and missing invoices. And almost impossible to use Accrual method. So we'll be forced to used Cash method accounting, which isn't ideal for you.

Many US tax filing services compel you to pay a high monthly bookkeeping charge of more than $500/month and subscribe to Quickbooks, even if you have low activity at the start. We have fair pricing and nudge you for monthly bookkeeping because it's better for you, and it will cost you about half of the total monthly cost over 12 months in terms of annual cleanup anyway. Why not have monthly visibility instead.

Accrual Method or Cash Method?


Inkle strongly recommends Accrual Method (over Cash Method,) because:

- it's gives a much truer picture of your finances.

- prevents you from getting any nasty surprises.- it is easier for forecasting.

- it is GAAP-standard, and most VCs will ask for it.

- you will eventually have to do Accrual Method anyway after you cross $25mm in revenue (by law) or sooner, so why not start with it.

- the IRS does not permit you to switch to Accrual (from Cash) in the middle of a year.

- restating and translating prior years' Cash books into Accrual method would be a nightmare, if you want to compare later.

Cash Method is possibly OK if you have very little activity, or just started out or have no real revenue operations in US, but consult us for a discussion on this.

Because Accrual Method is more complex, we can only offer this to monthly customers. Trying to do Accrual Method once per year would just be too difficult for you and us, as we would have to discuss every transaction and invoice.

Do I need to file a State Filing?

Income Tax

It's best to do a tax consultation with our certified professional tax experts who can help you determine the answer.

As a general rule of thumb: if you don't have a formal physical office, permanent employees in attendance, stock or inventory and business operations, then you won't need to file a State return. This is even if your US company address is located in that state. Basically: it depends on what you're doing in the state.

How do I update the IRS with my company address


Just put your new address on your new Tax Filing, and they'll update their systems. Or see here for other methods: https://www.irs.gov/faqs/irs-procedures/address-changes/address-changes

What is a nil return?

Income Tax

Nil return means your US Corporation has no transactions in the concerned tax year.

Do I need to file a Form 5471 ?


Yes if your US corporation had a foreign subsidiary at any time during the concerned tax year.

Do I need to file a Form 5472 ?


Required if US corporation did any reportable transactions at any time during tax year AND has any 25%+ foreign shareholder. See here https://www.irs.gov/instructions/i5472

Do I need to file a Form 1099?


If you have paid a US resident contractor or an LLC as a contractual payment or rent, during the Concerned Tax Year, then yes you must file a Form 1099 by 31st January of the following year annually. One filing per person/LLC. If you've missed the deadline, discuss with us how to proceed.

What is the difference between Form Form 8938 and FBAR?


You may need one, the other, or both. FBAR is filed with the Financial Crimes Enforcement Network (and is based on calendar year), whereas Form 8938 goes to the IRS as part of your federal tax filing (and is based on your chosen tax year). FBAR is judged based on foreign balances controlled by your US entity's foreign accounts or its controlled entities foreign accounts, whereas Form 8938 is judged based on a threshold of specified passive income. See here for more details: https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements

What is the deadline for filing BE-12 2022?

May 31 or June 30, 2023, for eFiling.

What is BE-12, and why is it important?

BE-12 is a survey conducted by the Bureau of Economic Analysis every five years to collect data on foreign investment in the US. US businesses with foreign ownership or control must participate.

Who is required to file BE-12 2022?

In 2022, all companies that have foreign ownership or interests exceeding 10% at the end of the year are required to submit BE-12. This requirement applies to e-commerce platforms involved in digital product distribution as well as partnerships that hold real estate for non-personal purposes.

What is Delaware Franchise Tax?

The Delaware Franchise Tax is an annual tax imposed on businesses incorporated in Delaware or have a presence there. It is not a tax on income but on the privilege of conducting business in Delaware.

What happens if you don't pay Delaware Franchise Tax?

Not paying the Delaware Franchise Tax and failing to file the Annual Report for two consecutive years will lead to the State of Delaware's automatic administrative dissolution of the corporation.

Is Delaware a tax-friendly state?

Delaware is tax-friendly due to no sales tax, business-friendly tax laws, and favourable corporate income tax rates.

Why is it essential for C corporations to file Form 926?

Filing Form 926 is crucial because it allows the IRS to monitor and track investments made by C corporations in foreign entities, ensuring compliance with tax laws.

Can C corporations electronically file Form 926?

C corporations can electronically file Form 926 through the IRS's Modernized e-File (MeF) system.

How do Form 5471 and Form 5472 differ?

Form 5471 is filed by U.S. taxpayers, while Form 5472 is for foreign corporations in U.S. business or U.S. corporations with 25% foreign ownership.

What information is required on Form 5471?

Detailed reporting on foreign corporation ownership, finances, operations, including key data, related-party transactions, and essential info.

Are there exceptions to filing Form 5471?

Income Tax

Yes, there are exceptions based on ownership thresholds and specific circumstances. It's essential to review the IRS guidelines to determine if you meet the criteria for exemption from filing Form 5471.

Do I need to file Form 8938 if I already report foreign assets on other forms like FBAR (FinCEN Form 114)?

Income Tax

Yes, both Form 8938 and FBAR might be necessary since they serve different purposes and have separate reporting thresholds. While FBAR has its requirements, Form 8938 is part of your annual tax return and may need to be filed, even if you're already submitting FBAR.

Which foreign assets should be reported on Form 8938?

Income Tax

Form 8938 includes various foreign financial assets like bank accounts, investments, foreign entity ownership, etc. For a complete list of reportable assets, refer to IRS instructions.

How do I know if I meet Form 8938 reporting thresholds?

Income Tax

Consider your residency status (U.S. or abroad) and the value of foreign financial assets on the last day of the tax year and at any time during the year. If thresholds are exceeded, file Form 8938.

When should I obtain a 409A valuation?


Obtain a 409A valuation before issuing your initial common stock options, after completing a round of venture financing, annually or after a significant event, and when approaching an IPO, merger, or acquisition.

Can I do a 409A valuation internally, or is an external appraisal needed?

Companies for IRS compliance and impartiality often prefer external appraisals, as independent experts ensure accurate evaluation of complex factors. This results in well-supported reports, reducing inaccuracies and conflicts with tax authorities.

Can a 409A valuation be updated if my company's financial circumstances change significantly after the initial assessment?


Yes, a 409A valuation can and should be updated if there are material changes in your company's financial situation or other significant events.

Are additional schedules and forms necessary to accompany Form 100?

Income Tax

Yes, based on the complexity of a corporation's finances, additional schedules like Schedule R, Schedule K, and others might be required with Form 100.

Do foreign corporations operating in California need to file Form 100?

Income Tax

Foreign corporations conducting business in California must file Form 100 if they earn income from sources within the state.

What kind of financial information is needed for Form 100?

Income Tax

Corporations must provide detailed financial data, including gross receipts, deductions, credits, and other pertinent details essential for calculating net income and tax liability.

What types of accounts are reportable on the FBAR?


FBAR requires reporting on various foreign financial accounts, including bank and investment accounts, and certain foreign retirement or pension accounts if they meet the reporting threshold.

Are there FBAR exceptions or rules for specific U.S. entities?


Some exceptions and rules may apply, especially for entities like trusts and tax-exempt organisations. Consult Inkle today for entity-specific guidance.

Must U.S. entities report foreign real estate on an FBAR?


Generally, foreign real estate isn't reported on an FBAR except when held through a foreign financial account like a foreign bank account, where exceptions may apply.

Is Form 5472 required for all foreign-related transactions?

Income Tax

Form 5472 is needed for specific reportable transactions, not all foreign-related ones. Consult IRS guidelines or Inkle to determine what to report.

Are there exemptions from filing Form 5472?

Income Tax

Some specific exceptions and exemptions exist for certain types of transactions and entities. For example, certain de minimis transactions may be exempt from reporting.

Can Form 5472 be e-filed?

Income Tax

Yes, IRS permits electronic filing using the Electronic Tax Administration system, offering convenience and extended deadlines.

Is a Bookkeeping Service Necessary for My Business?


Considering a bookkeeping service is an intelligent choice if you're looking to save time and money. Discover how professional bookkeeping can help streamline your finances with Inkle.

Can I Handle My Business's Bookkeeping on My Own?


Accounting software can empower small businesses to manage their own bookkeeping efficiently, thanks to automated operations ensuring accurate financial records. Know more with Inkle.

What Are the Costs of Bookkeeping Services?


Various factors influence the cost of bookkeeping services, from business size to required features. Find out about pricing structures, with options ranging from monthly fees to hourly rates with Inkle.

Is Bookkeeping Essential for Small Businesses?


Bookkeeping is crucial to small business management, irrespective of growth plans. Understand how it not only tracks finances but also aids in accurate tax filings.

What Services Can I Expect from Professional Bookkeeping Providers?


Bookkeeping providers offer comprehensive bookkeeping, accounting, and tax services. Learn about key functions such as journal entries, ledger maintenance, reconciliation, and trial balances with Inkle.

Distinguishing Bookkeeping from Accounting: What's the Difference?


While bookkeeping focuses on recording financial transactions, accounting involves interpreting, classifying, and reporting those transactions.

What is the Corporate Transparency Act and Beneficial Ownership Information?


In 2021, Congress passed the Corporate Transparency Act to establish a beneficial ownership information reporting requirement. The aim is to enhance transparency and deter individuals with malicious intentions from using shell companies or unclear ownership structures to conceal or profit from illicit gains.

Starting from January 1, 2024, certain U.S. companies must share details about the people who own or manage the company (beneficial owners) with FinCEN (Financial Crimes Enforcement Network). The CTA became law in 2020 as part of the Anti-Money Laundering Act, included in the National Defense Authorization Act for Fiscal Year 2021.

Beneficial ownership information refers to identifying information about theindividuals who directly or indirectly own or control a company.

Who has to file FinCEN BOI?


Reporting companies who are obligated to file are:

  • Domestic reporting companies include Corporations, LLCs, and other entities created by filing with a U.S. secretary of state or a similar office.
  • Foreign reporting companies include entities formed under foreign law registered to do business in the U.S. through filing with a secretary of state or similar office.

What are the exemptions?


The exempted companies that do not need to file BOI are:

  • Big operational companies with over 20 full-time employees in the United States maintain a physical office presence in the US and have filed a federal income tax or information return demonstrating gross receipts or sales exceeding $5 million in the previous year.
  • Companies involved in investments, along with advisors for investments and venture capital funds, are officially registered with the Securities and Exchange Commission (SEC).
  • Pooled investment vehicles operated or advised by specific financial entities.

What needs to be reported?


All reporting companies should include the following information in the Beneficial Ownership Information report -

Reporting Company Details:

  1. Legal name
  2. Trade names
  3. Current U.S. business address
  4. Jurisdiction of Formation
  5. Taxpayer Identification Number (TIN) or foreign-issued tax identification number and issuing jurisdiction.

Beneficial Owner Details:For each beneficial owner, the reporting company must provide:

  1. Name
  2. Date of birth
  3. Residential address
  4. Identifying numbers from an acceptable ID document (e.g., passport or U.S. driver's license) and the issuing state or jurisdiction. (Include a copy of the identification document used for obtaining the identifying number).

Company Applicant Details:Only applicable for companies incorporated on or after 1st Jan 2024. For each company applicant, the reporting company must provide:

  1. Name
  2. Date of birth
  3. Address
  4. Identifying numbers from an acceptable ID document (e.g., passport or U.S. driver's license) and the issuing state or jurisdiction. (Include a copy of the identification document used for obtaining the identifying number).

Who is a Beneficial Owner of the company?


A beneficial owner is an individual who either directly or indirectly:

  1. Owns or controls at least 25% of the reporting company’s ownership interests.
  2. Exercises substantial control over the reporting company.

An individual is considered to exercise substantial control over a reporting company if they:

  • Hold a senior officer position (e.g., president, CFO, general counsel).
  • Possess the authority to appoint or remove specific officers or a majority of directors.
  • Serve as an important decision-maker for the company.
  • Exercise any other form of substantial control over the reporting company.

Who is a Company Applicant?


Reporting companies formed or registered on or after January 1, 2024, are required to report their company applicants. A company may have up to two potential applicants:

  1. The person directly filing the document for company creation or registration.
  2. If multiple individuals are involved, the person primarily responsible for directing or controlling the filing.

When do I file my BOI?


Reporting companies established or registered before January 1, 2024, must file their initial beneficial ownership report by January 1, 2025. For those created or registered on or after January 1, 2024, the deadline is 30 days from receiving notice of their effective creation or registration or from the first public notice by the secretary of state or similar office, whichever comes first.

What happens if we do not file this report?


FinCen will issue a penalty of $10,000 fine for intentionally not filing it and $250,000 to $500,000 for reporting incorrect information.

Do we have to pay a filing fee for this?


No. There will be no government fee for submitting your beneficial ownership information report to FinCEN.

What are the penalties for not filing BOI?


Providing false information or failing to report/update beneficial ownership may lead to penalties. Civil fines are $500 per day, and criminal penalties include fines up to $10,000.

If a report with inaccurate information is filed without the reporting company's knowledge, there's a 90-day safe harbor to submit a corrected report.

Who should present their pitch to Inkle Raise?

High tech early stage product startups with at least one founder or a subsidiary based in India. Even if you are in the pre-product or pre-revenue stage, you are encouraged to apply. We have no restrictions on valuation size and are open to evaluating startups from any business model focusing on building a US or global business. Being an Inkle customer is not a prerequisite for submitting a pitch, but we'd love to help!

What occurs following the submission of my pitch?

Our panel will systematically review pitches and curate a cohort of ambitious companies to showcase.

Notification of your selection status will be provided by Inkle by 31st Dec 2023.

If selected, you will be introduced on a double opt-in basis to the investors who wish to meet you.

If not selected, you are welcome to pitch again after further progress.

Will I get feedback on my pitch?

Due to the high volume of submissions, we regretfully cannot offer personalised feedback on individual pitch submissions. Nevertheless, you can enhance your pitch or prepare for future submissions by participating in our expert sessions or exploring our published content on our blog.

How often am I allowed to pitch to Inkle Raise?

You are eligible to pitch once every six months.

What types of investors comprise the pool?

We invite high-quality, active investors of various kinds, including VCs, angels, scouts and syndicates.

Is Inkle Raise an incubator or accelerator?

Inkle Raise is not a accelerator, incubator or investor. We provide warm introductions, events and tools for free to the community of founders who apply. Many of these founders will hopefully elect to do business with Inkle.

Why participate in Inkle Raise as an investor

US VCs and angels often don't get India-based dealflow without feet on the ground, and because India founders don't reach out to you. Inkle Raise fills that gap, providing a liquid platform for receiving vetted and curated pitches from quality early stage teams that you probably haven't heard of before.

Is there a deadline for investors to register

No, the batch deadlines are only for founders. Investors will stay in out database and receive all batches.

Is there a charge for Inkle Raise?

No. It's free.

Do I have to be an Inkle customer to be a part of Inkle Raise?


‍What are R&D expenses?

Income Tax

Generally this is the bulk of software development expense, which is often in the form of software engineer salaries. However, you can exclude the time they spend on maintenance (such as support and bug fixes).

‍What does the Section 174 impact mean for you?

Income Tax

Instead of a full deduction of the R&D expenses upfront in the year it was incurred, you'll now have to spread (amortize) them over 5 years (US R&D) or 15 years (foreign R&D).

‍What's the Section 174 impact?

Income Tax

For your 2022 tax year and beyond, your taxable income might increase, possibly leading to due taxes even if you think you were loss making.

‍Curious about the impact of Section 174 on your taxes? 🤔

Income Tax

Take the guesswork out and see the numbers for yourself.

What is the Delaware Franchise Tax Calculator, and how does it work?


The Delaware Franchise Tax Calculator is a tool designed to help businesses estimate their franchise tax obligations to the state of Delaware. It typically works by inputting relevant financial information, such as the number of authorised shares and gross assets, and then calculating the expected tax amount based on Delaware's franchise tax regulations.

Is the Delaware Franchise Tax Calculator free to use?


Delaware Franchise Tax Calculators are freely available online. However, it's essential to ensure you're using a reputable and accurate calculator provided by a trusted source, such as the Delaware Division of Corporations or reputable financial websites.

What information do I need to use the Delaware Franchise Tax Calculator?


The specific information required may vary depending on the calculator, but typically, you'll need details such as the number of authorised shares, par value of shares, gross assets, and any additional factors relevant to Delaware's franchise tax calculation methods.

Can the Delaware Franchise Tax Calculator provide precise tax estimates?


While the Delaware Franchise Tax Calculator can offer a reasonable estimate of your tax obligations, it's essential to remember that it may only account for some possible scenarios or nuances in Delaware's tax laws. For precise tax estimates, especially for complex business structures, it's advisable to consult with a tax professional familiar with Delaware tax regulations.

Are there any limitations to using the Delaware Franchise Tax Calculator?


While the Delaware Franchise Tax Calculator can provide valuable insights into your potential tax liabilities, it may have limitations in accommodating unique business situations or changes in tax laws. Additionally, the calculator's accuracy depends on the inputted data. For comprehensive tax planning, using the calculator as a starting point and seeking professional advice when necessary is recommended.

Do I need to file a Delaware Franchise Tax & Annual Report?

Sales Tax

If you have a Delaware C-Corp which was in existence during any calendar tax year (1st January to 31st December), then yes you must file the Annual Report and pay the Delaware Franchise Tax. This is going to cost you a minimum of $400 tax + $50 government filing fee, and possibly much more if you've raised in the millions.

Do I need to file a Form 7004?


Your chosen tax year dates are normally Jan-Dec unless you specific asked for it to be something else in your EIN application (SS-4). - for example Apr-Mar is common for those with Indian subsidiaries to match the underlying India tax year. You can check your chosen US dates in your SS-4 (field 12)or your EIN issuance letter (paragraph 3). Depending on your chosen tax year dates, and only if you want a 6-month extension to your corporate tax deadline, you will need to file the Form 7004 either by 15th April (if your tax year is Jan-Dec) or 15th Jul (if your tax year is Mar-Apr). This buys you a 6 month breather.

When is the deadline to file Form 7004 for C Corporations?


C Corporations must file Form 7004 on or before the original deadline of their tax return Form 1120, which is by the 15th day of the 4th month after the taxable year ends.

The deadline for C-Corporations following the calendar tax year is April 18, 2023.

What are the penalties for filing Form 7004 Late?

Suppose you fail to file a 7004 tax extension or tax return within the appropriate deadline (March 15, 2023, for S-corporations and partnerships and April 18, 2023, for corporations and other businesses). In that case, the IRS will charge interest and penalties on any unpaid Federal taxes.

If you do not file and owe taxes, the failure-to-file penalty is 5% per month (up to 5 months) of the amount due. If your return is over 60 days late, you may be subject to a $135 minimum penalty. The IRS will also impose a failure-to-pay penalty of 0.5% per month (up to 25%) of the amount due if you file a return or extension but don’t pay all your taxes on time.

What is a Form 1120 in Delaware?

Form 1120 is a crucial tax document utilized by corporations in the United States to disclose their income, gains, losses, deductions, and credits for federal income tax goals. In Delaware, corporations are expected to submit Form 1120 if they are operating within the state or have obtained income from sources within its boundaries.

What is Delaware C corporation tax?

C corporations conducting business in Delaware must pay an annual fee known as the Delaware state franchise tax, a privilege fee for operating within the state's jurisdiction.

What does Delaware C Corp mean?

A Delaware C Corporation (C Corp) is a type of business entity formed under the laws of Delaware and is taxed separately from its owners. A C Corp is considered a separate legal entity from its shareholders, meaning it can enter into contracts, own assets, and conduct business in its name.

What is Form 926 used for by C corporations?

C corporations use Form 926 to report property transfers to foreign corporations.

Who needs to file IRS Form 1099?


Businesses, individuals, and nonprofits may need to file Form 1099 when specific payment thresholds are met, such as payments to independent contractors, rent, or interest.

How can I get IRS Form 1099?

You can get Form 1099 from the IRS website, request it from the IRS, or use tax software like Inkle for assistance.

Can I e-file Form 1099 with the IRS?


Yes, you can electronically file through the FIRE system, often extending the deadline to March 31. Many tax software providers and e-filing services offer this option.

What is Form 8995?


Form 8995 is used to calculate and claim the Qualified Business Income Deduction (QBID) for individuals, estates, and trusts.

Who is eligible to use Form 8995?

Income Tax

Individuals, estates, and trusts with qualified company income from pass-through entities, like partnerships, S corporations, and sole proprietorships, may be eligible to use Form 8995.

What is the purpose of the Qualified Business Income Deduction (QBID)?

Income Tax

The QBID is a tax deduction that allows taxpayers to deduct a portion of their qualified business income from eligible businesses, potentially reducing their taxable income.

How do I calculate the QBID using Form 8995?

Income Tax

Form 8995 provides a step-by-step calculation process to determine the QBID. It involves determining your qualified business income, limitations, and other factors.

How do I calculate the QBID using Form 8995?

Income Tax

Form 8995 provides a step-by-step calculation process to determine the QBID. It involves determining your qualified business income, limitations, and other factors.

Are there income limits for claiming the QBID?

Income Tax

Yes, there are income limits and phase-out ranges for claiming the QBID. The limits can vary based on filing status and taxable income.

What types of income qualify for the QBID?

Income Tax

Generally, income from eligible businesses, including domestic partnerships, S corporations, sole proprietorships, and certain real estate activities, may qualify for the deduction.

Do I need to attach Form 8995 to my tax return?

Income Tax

You typically need to attach Form 8995 or its related schedules to your tax return to claim the QBID. The exact attachments required may depend on your situation.

Can I claim the QBID if I have W-2 income?

Income Tax

Yes, you may still be able to claim the QBID even if you have W-2 wage income, but some limitations and calculations take W-2 wages into account.

Are there any changes or updates to Form 8995 for the current tax year?

Income Tax

Tax laws and forms can change from year to year. It's essential to check the latest IRS instructions and publications for any updates to Form 8995.

Where can I find help or guidance in completing Form 8995?

Income Tax

You can seek assistance from tax professionals, use tax software like Inkle, or refer to the IRS website for guidance and resources on completing Form 8995 and understanding the QBID.

How do I calculate the amount to pay with Form 1040-ES?

Income Tax

You can use the worksheet with Form 1040-ES or online calculators to estimate the amount you should pay. It's typically based on your expected annual income and deductions.

When are the due dates for Form 1040-ES payments?

Income Tax

Form 1040-ES payments are typically due quarterly, with due dates in April, June, September, and January of the following year. The exact dates may vary each year.

Who needs to file Form 1040-ES?

Income Tax

Individuals who expect to owe a certain amount of tax and don't have it withheld through their paychecks or other sources are generally required to file Form 1040-ES.

What is Form 1040-ES?

Income Tax

Form 1040-ES estimates and pays your federal income taxes if you are not subject to withholding, such as self-employed individuals or those with significant additional income.

What happens if I miss a Form 1040-ES payment deadline?

Income Tax

Missing a payment deadline can result in penalties and interest charges, so making timely payments is essential. Late payments may also affect your ability to request an extension.

Can I make Form 1040-ES payments online?

Income Tax

You can make electronic payments for Form 1040-ES through the IRS's Electronic Federal Tax Payment System (EFTPS) or by credit/debit card.

Can I carry over excess Form 1040-ES payments to the following year?

Income Tax

If you overpay your estimated taxes, you can apply the overpayment as a credit toward your next year's estimated taxes or request a refund when you file your tax return.

Where can I find Form 1040-ES and instructions for completing it?

Income Tax

You can find Form 1040-ES and its instructions on the official IRS website. Tax professionals and tax software like Inkle can also guide you in completing the form.

Customer Stories

Don’t take our word for it.

Read our case studies
SaaS Team - Saasplex X Webflow Template