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 Estimated Tax Payments See Instructions 2011

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five minute tax guides from your five minute tax guy short lessons to help you navigate the treacherous hazardous and totally unpredictable US federal tax code estimated tax payments what are estimated tax payments estimated tax is the method used to pay tax on income that isn't subject to withholding this includes income from self-employment interest dividends alimony rent gains from the sale of assets prizes awards and others you may also have to pay estimated tax if the amount of income tax being withheld from your salary pension or other income isn't enough to cover your tax liability at the end of the year estimated taxes used to pay both income tax and self-employment tax as well as other taxes and amounts reported on your tax return if you don't pay enough tax either through withholding or estimated tax or a combination of both you may have to pay a penalty and this may come as a shocker to some people if you don't pay enough by the due date of ea

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