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Underpayment of Estimated Tax by Individuals REV 1630 FormsPublications 2021

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let's see if you pay all estimated taxes due before the urine fine-tuned for the years earning will there be a penalty if you do not pay quarterly estimated taxes so you pay all of your taxes before the end of the year but you didn't pay your Quarterly's still gonna underpaid yours yes yeah you're going to have what's called the estimated tax penalty because IRS wants you to pay this money in quarterly now there are a few ways to get around this say you made your estimates December 31st or December 15th but you earned all your Kimani you made a huge profit in December what we can do is actually analyze your estimated taxes that is saying that most of your income was earned during a specific period so the tax was due during that period instead of back in the early in the year mm-hmm so that's one way to kind of alleviate this that's the main attacks penalties is what you hired again

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