Change in estimated tax deadlines?

That’s what would happen if Congress enacts the Tax Administration Simplification Act (H.R. 8864). Instead of the 3-month, 2-month, 3-month and 4-month intervals that currently are used, the deadline for federal estimated tax payments would be changed to true quarters…a payment due every 3 months. The measure has bipartisan support. The bill would make other changes, including allowing an S corporation election to be made on the first timely-filed income tax return. This proposal is certainly one to follow. #IdeaoftheDay