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If You Are Not Required to Make Estimated Tax Payments for , You Can Discard This Package Form
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People also ask
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How do I stop estimated tax payments?
Call IRS e-file Payment Services 24/7 at 888-353-4537 to inquire about or cancel your payment, but please wait 7 to 10 days after your return was accepted before calling. Cancellation requests must be received no later than 11:59 p.m. ET two business days prior to the scheduled payment date. -
Are IRS estimated tax payments mandatory?
Answer: Generally, you must make estimated tax payments for the current tax year if both of the following apply: You expect to owe at least $1,000 in tax for the current tax year after subtracting your withholding and refundable credits. -
What happens if I don't make estimated tax payments?
If you don't pay enough tax through withholding and estimated tax payments, you may be charged a penalty. You also may be charged a penalty if your estimated tax payments are late, even if you are due a refund when you file your tax return. -
Which of the following taxpayers are not required to make estimated payments?
You do not have to make estimated tax payments if you are a nonresident or new resident of California in 2022 and did not have a California tax liability in 2021, see Section C for more information.
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