estimated taxes

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  • Larmil
    Senior Member
    • Dec 2006
    • 621
    #16
    Originally posted by taxea
    This is probably because the IRS has no way of knowing which quarter the income was received without auditing the clients records.
    I wouldn't be surprised if they find a way to do this in the future.
    They already have a way. It is called Form 2210.

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      • veritas
        Senior Member
        • Dec 2005
        • 3290
        #17
        that's because

        Originally posted by FEDUKE404
        I would say he has been lucky.......

        Suggest you hone your skills on preparing page four of Form 2210

        FE
        the IRS will not bother with the penalty if it is under a certain amount and the tax due is paid on time. They won't tell you what the amount is.

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