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In this video tutorial, the speaker discusses IRS Form 1040ES, specifically focusing on line-by-line instructions and estimated tax worksheets for individuals. The form is used for making quarterly estimated tax payments for those who are self-employed, to avoid potential underpayment penalties. The payments should cover both income and self-employment taxes to ensure compliance with the pay-as-you-go system. Remember to stay tuned for more information and grab a drink as we dive into this topic.
