Message Font: Serif | Sans-Serif
No. of Recommendations: 2
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.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.