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n206mh
New Member

Looking at my 1099's I find cap.gains & div.'s are more than expected. Can I still send the IRS a payment for 2016 income so I don't show a large amount due on my 1040?

My wife's income was normal for her, but filing jointly her SS taken out was not enough and added to tax due. Along with 1099's cap. gains and div.'s that were not expected after the election, I need to find out if I can make another IRS payment for 2016? 

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Coleen3
Intuit Alumni

Looking at my 1099's I find cap.gains & div.'s are more than expected. Can I still send the IRS a payment for 2016 income so I don't show a large amount due on my 1040?

It is too late for an official estimated payment for 2016. The link below offers ways to pay the IRS. You could make a payment now and then another before April 18th. Any payment after that date will be considered late. If you need to stretch your payments out even longer, you can request an installment agreement.

https://www.irs.gov/taxtopics/tc158.html

https://www.irs.gov/uac/about-form-9465

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1 Reply
Coleen3
Intuit Alumni

Looking at my 1099's I find cap.gains & div.'s are more than expected. Can I still send the IRS a payment for 2016 income so I don't show a large amount due on my 1040?

It is too late for an official estimated payment for 2016. The link below offers ways to pay the IRS. You could make a payment now and then another before April 18th. Any payment after that date will be considered late. If you need to stretch your payments out even longer, you can request an installment agreement.

https://www.irs.gov/taxtopics/tc158.html

https://www.irs.gov/uac/about-form-9465

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