通常,current year tax只有在第二年报税时才能精确知道,所以确保进入safe harbor的方式是,通过报前一年的税得到精确的last year tax,然后让今年的withholding满足 withholding > 110% * last year tax 当然,假如能对current year tax有很好的预估,那么使用safe harbor的另外两个关于current year tax的条件可能...
A simple way to qualify for the safe harbor rule.To qualify for the Safe Harbor Tax Rule and avoid penalties, take your previous year’s tax obligation, divide by four, and make four equal payments by the estimated tax deadlines. Add 10% to last year’s tax total if you are a high ...
It is possible to avoid penalties for missed estimated tax payments by meeting “safe harbor rules” from the IRS, explained Sheneya Wilson, a certified public accountant and founder of Fola Financial in New York. You meet the safe harbor rules by paying at least 90% of the current year's...
For those who anticipate earning significantly more in a given year, theannualized income methodmay be useful, as it helps ensure that your estimated tax payments more accurately reflect your income as it is earned, rather than simply spreading the liability evenly across the year. ...
Choosing the “100 percent of the previous year’s tax bill” safe harbor option is simple. Simply look at your tax return for the previous year, and then make estimated payments that add up to the total tax owed for that year.
Well, that's complicated, but the bottom line is that you want to be in the “safe harbor.” Being in the safe harbor won't keep you from having to pay more tax in April, but it will avoid any penalties or interest. Most docs simply multiply their prior year's tax bill by 110%...
Unsure about estimated tax payments? We'll guide you through determining whether you need to pay estimated taxes and how to calculate the right amount to avoid surprises at tax time.
Worst case, you should be able to use your missing refund as a tax credit for the upcoming tax year. The IRS is not out to get you. It realizes the tax code is complicated, errors, and over and under payments happen all the time. I've spoken to a handful of IRS agents on the ...
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按季度繳納Estimated Tax 另一種不通過withholding的方式是按季度繳estimated tax。 IRS提供了在線繳稅。其中有三家(PayUSAtax,Pay1040,ACI Payments, Inc.)可以以不超過2%的手續費用信用卡繳稅。每人每季度,在每個服務商可以繳兩次。 Withholding不管實際繳納時間,默認全年平均,estimated tax則是按每...