The IRS doesn't fuck around
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When/how does someone need to do quarterly taxes? I always file and pay (or get paid) in April. This year I'm going to owe a lot for various company and investment reasons, wonder if that'll make me required to do quarterlies next year? I literally have no idea, I should ask TARS.
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When/how does someone need to do quarterly taxes? I always file and pay (or get paid) in April. This year I'm going to owe a lot for various company and investment reasons, wonder if that'll make me required to do quarterlies next year? I literally have no idea, I should ask TARS.
@89th said in The IRS doesn't fuck around:
When/how does someone need to do quarterly taxes? I always file and pay (or get paid) in April. This year I'm going to owe a lot for various company and investment reasons, wonder if that'll make me required to do quarterlies next year? I literally have no idea, I should ask TARS.
Generally you have to keep you taxes paid throughout the year within a certain percentage of what you will end up owing (80 I think) or above what you actually owed the year before. For standard wage earners withholding covers that. If you have sufficient business income or investment income or other income for which no money is withheld that’s when it becomes necessary.
AI can give you the details.
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I think there’s something else going on. I’m still investigating. I’ve paid small penalties before never something that grabbed your attention.
@jon-nyc said in The IRS doesn't fuck around:
I think there’s something else going on. I’m still investigating. I’ve paid small penalties before never something that grabbed your attention.
They've seen your posts on TNCR.
Seriously though--good luck with that. It's unconscionable unfair. But, that's why the IRS has the reputation it has.
