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Get your taxes done using TurboTax
I appreciate all the great advice here, but I am reading that if you have W4 wage income or IRA distributions, you are allowed to have tax year liability withheld from those sources in a single payment as late as Dec 31 and it's deemed as though it was spread out over the year (Ref IRC Section 6654(g)(1)).
I have found this information on several tax planning websites and they all agree.
March 28, 2023
12:23 PM