Quote:
Originally Posted by Lenny2
Ok well you listen to your CPA and I'll listen to mine.
I've never paid quarterly or any estimated payments for that matter. I pay withholding on my salary every month and then write one big check on April 15 every year.
You have to pay the underpayment penalty interest (which is negligible) and that's it, there are no "fines" or any other requirements other than the interest.
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That I will as he is the one who puts the signature on my tax returns. Which means he had better know what he's talking about as the IRS comes to him first. I'll also listen to my tax attorney as he would be the one who would have to represent me for such matters.
You ASSume I draw a straight salary in your example. Hence, your misconception.
