The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  https://boards.fool.com/true-for-withholding-the-estimated-tax-payments-34295200.aspx

Subject:  Re: oops...estimated taxes? Date:  9/14/2019  12:56 PM
Author:  aj485 Number:  129564 of 129771

True for withholding. The estimated tax payments must be made on time to avoid an underpayment penalty.

I was just trying (obviously, unsuccessfully) to make the point that if the OP was already going to meet a safe harbor through withholding and/or expected estimated quarterly payments (since the OP referred to this one as an estimated tax payment I had not anticipated), that there is no need to make an estimated tax payment just to avoid a penalty. By meeting a safe harbor, penalties will be avoided as long as any additional tax due is paid on or before April 15, 2020.

AJ
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us