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Above minor amounts, you must make estimated payments in accord with laws, whcih essentially say, by payroll wittholding or quarterly (Form 104ES).

Not doing so will incur a rather substantial additional penalty and interest charges...rather mechanically determined so rather easy to be seen - (your tax divided by 4 should have been paid and in your account every qtr). There are several ways to estimated that are allowed, including "safeharbors" where you pay based on the prior year.

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16y ago

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