Thanks for the replies so far. So uhm, following up...I just have a clarification on these two paragraphs:
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"Look at line 16 on your 2021 1040. This amount is the tax liablility for that year. As long as in 2022 , you made quarterly estimated payments equal to ( 100%) of this amount, you will not be subject to an estimated tax penalty.
Alternatively, look at line 16 of your 2022 1040. You need to have paid ( sent in quarterly payments) equal to at least 90% of your tax liabilty for this year. If you paid 90% of your tax liablility for 2022 , you would not have a penalty."
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from @mbpeddie
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So, for 2022 filing of year 2021, what if I paid the remaining outstanding tax of 2021 in full during the 2022 tax return filing of 2021 before April 15, instead of actually having paid the quarterly estimates in 2021?
Same thing for the 2023 filing of year 2022, what if I paid the remaining outstanding tax of 2022 in full during the 2023 tax return filing of 2022 before April 15, instead of actually having paid the quarterly estimates in 2022?
Does this scenario also qualify for no penalty?
Thanks again for your attention and patience.
