Abound's Tax Payments API handles the non-reversible quarterly estimated tax payments submitted to the IRS. Unlike single, annual payments for W-2 employees, quarterly estimated payments are required for all 1099 income earners.
Below are the Tax Payments object's fields and descriptions:
The unique id generated by Abound API. Store this value in your database.
The tax year associated with this tax payment
The tax period associated with this tax payment:
The status of the payment. Statuses include:
The amount of tax paid to the corresponding entity
The government entity to submit tax payments towards on behalf of the user
The payment method associated with this tax payment
The date the payment was created with the Abound API
The notes associated with this tax payment
(Optional) The customer-specific unique identifier associated with this tax payment.