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Message
re: Underpayment penalty on taxes......Paging Poodle...please see last post
Posted on 4/2/13 at 5:21 pm to LSUMon
Posted on 4/2/13 at 5:21 pm to LSUMon
quote:
You have to have 110% of last years liability paid in the current year through either withholdings or estimates.
This is incorrect. If you pay 100% of the tax liability from prior year, you will avoid any penalities associated with underpayment of taxes.
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