DECLARATION OF ESTIMATED TAX

declaration  of  estimated  tax.A  required  IRS  filing  by  certain  individuals  and  businesses  of

current estimated tax owed, accompanied by periodic payments of that amount. • The requirement

ensures current collection of taxes from taxpayers (such as self-employed persons) whose incomes

are  not  fully  taxed  by  payroll  withholding.  IRC  (26  USCA)  §§  6315,  6654.  [Cases:  Internal

Revenue    4832, 5219.40. C.J.S. Internal Revenue §§ 733, 821.] [Blacks Law 8th]