thanks tagteam... I want to make sure I understand this correctly..
- I will owe much more than 1000 in taxes
- 90% of taxes for 2023 will be very high, more than 16k
- the 2022 taxes paid was 4100
- 4100 is smaller than 16k,
- my current 2023 withholding of 7k is NOT less than 4100
- so I don't have to pay estimated taxes in 2023
But does that then also mean if my owed taxes is 18k for 2023, that I will NOT have to pay a penalty for underpayment?
