Sorry that happened to you. I was fortunate that I had enough funds in that account to cover it, but the bank wasn't much help either. I kept thinking about all the folks that don't keep that much in their accounts. The problem would have been a lot less had I made the required quarterly payments that year for my contracting and avoided a huge payout - which was then doubled! There is no way to accurately account for withholding for the future so that is why it is estimated and then made to balanced when all the factors have been determined. The only way this could happen is if the IRS had absolute control over the people. We don't want that.
