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estimated tax payment vs. balance payment
I had an investment income in the 4th quarter, so I tried to make an estimated tax payment on due date (Jan. 17th, 2023) for 2022 tax.
However, I made a payment for the balance payment option instead of the estimated tax payment option.
Will it be alright for me to use this balance payment as the estimated payment?
I am worried about being subject to tax penalty for underpayment due to this issue.
‎January 26, 2023
3:17 PM