The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Lack of AMT patch by early Jan Date:  12/29/2012  7:39 PM
Author:  0x6a74 Number:  117242 of 127613

so if i pay NO ES and end up with taxes of $1000, the penalty is $30?

No. If total tax minus withholding is $1,000 or less you don't have to make any ES payments to avoid a penalty. Pub 505.

by 'withholding', you mean Withholding, not Est.Payments ...yes?
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us