Quarterly Estimated Tax Penalties? (What If You Paid The Full Year?)

Quarterly Estimated Tax Penalties? (What If You Paid The Full Year?)


let’s see if you pay all estimated taxes
due before the urine fine-tuned for the years earning will there be a penalty if
you do not pay quarterly estimated taxes so you pay all of your taxes before the
end of the year but you didn’t pay your Quarterly’s still gonna underpaid
yours yes yeah you’re going to have what’s called the estimated tax penalty
because IRS wants you to pay this money in quarterly now there are a few ways to
get around this say you made your estimates December 31st or December 15th
but you earned all your Kimani you made a huge profit in December what we can do
is actually analyze your estimated taxes that is saying that most of your income
was earned during a specific period so the tax was due during that period
instead of back in the early in the year mm-hmm so that’s one way to kind of
alleviate this that’s the main attacks penalties is what you hired again

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