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Barchers1
New Member

I am going to be converting a lot of money from a traditional IRA to a ROTH IRA this year (2021). How can I make a payment to the IRS to cover the taxes I will owe?

 
2 Replies
VolvoGirl
Level 15

I am going to be converting a lot of money from a traditional IRA to a ROTH IRA this year (2021). How can I make a payment to the IRS to cover the taxes I will owe?

You should send in an Estimated Payment.  Here are the blank Estimates and instructions…..
https://www.irs.gov/pub/irs-pdf/f1040es.pdf

 

VolvoGirl
Level 15

I am going to be converting a lot of money from a traditional IRA to a ROTH IRA this year (2021). How can I make a payment to the IRS to cover the taxes I will owe?

Or you can pay on the IRS website. Be sure to pick 2021 1040ES payment
https://www.irs.gov/payments

 

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