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I Read in the Instructions of Tax Form 1041 Estate Income

I Read in the Instructions of Tax Form 1041 Estate Income

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we'll be going over IRS form 2210 underpayment of estimated tax by individuals Estates and trusts so we recorded this in early 2023 I wanted to update this video uh for the tax year 2023 and to incorporate some of the comments and questions that have been asked over the past year so there are three parts to this tax form uh let me briefly outline them in part one will uh calculate the required annual payment this will help us determine whether or not we've paid enough tax throughout the year uh and then help us determine whether or not we need to continue uh with the calculations for any penalties for underpayment in part two uh we would uh check the applicable reason why we may be filing if there's no reason that would apply to our situation then we can just completely not file the form and then part three if we need to we would use this section this part to um first figure out the underpayment for the tax year for each period of the tax year and then in sectio

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