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4582, Michigan Business Tax Penalty and Interest Computatino for Underpaid Estimated Tax 4582, Michigan Business Tax Penalty and 2021

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4582, Michigan Business Tax Penalty and Interest Computatino for Underpaid Estimated Tax 4582, Michigan Business Tax Penalty and 2021

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Instructions and help about 4582, Michigan Business Tax Penalty And Interest Computatino For Underpaid Estimated Tax 4582, Michigan Business Tax Penalty And Interest Computatino For Underpaid Estimated Tax

voules tax time is here and a number of taxpayers are going to find out too late that they should have taken steps to avoid having to pay some tax penalties because they failed to make estimated tax payments in 2013 so the question for 2014 is do you have to make estimated tax payments how can you tell my name is Dan Caplinger I'm the Motley Fool's director of investment planning and basically the rule that you need to consider is this if you don't have at least 90 percent of your federal tax liability taken care of through withholding from your ordinary paycheck then you may need to make estimated tax payments in order to avoid penalties the basic rule is if you owe a thousand dollars or more in taxes you have to meet that 90 percent rule now there are some exceptions one is there's a safe harbor provision that basically says that if you have money that's withheld that's equal to or greater than the total tax liability that you had in th

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