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 Return for the Taxable Year 2018

2018-2025 Form

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Instructions and help about Return For The Taxable Year

all right so for this video I wanted to talk about making estimated tax payments and recording them in Turbo Tax but specifically we want to look at how we apply a current year tax refund to the subsequent year estimated tax payment amounts so in Turbo Tax we do have the example that we've been working with previously this is John Q taxpayer right now he's showing he's getting a refund of about five thousand dollars and so what we want to look at is the rules around when we might want to not get that money back when we would just want to apply that to our next year's estimated tax payments so many taxpayers have to make estimated quarterly payments and these are generally required when you are going to anticipate owing money at the end of the year right so who has to pay estimated taxes well the IRS rules if you go look at their website individuals that expect to owe more than a thousand dollars when they file their tax return should be making estimated

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