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Originally Posted by ItBurnsWhenIpee
I've never sent in estimated tax payments through the year....I always wait until April and just cut the IRS a big check. But now they're telling me I owe penalties and interest because I did that? WTF? Does this happen to anyone else or are they picking on me this year?
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That is the first thing your accountant should mention to you. If your accountant didnt mention those penalties, then you definitely need a new one. Pay quarterly.