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Get your taxes done using TurboTax
I assumed that I would have been required to make the payment by the 16th of January, 2024 (last date for estimated payments for 2023). I'm glad there is still time. I always make sure to withhold 100% of what I owed in the previous year. However, I am in a jam this year: I have to file late because I am awaiting a k-1 from a family member's estate, and did not withhold at least 90% of what I'll owe for this year.
I went to the link in your reply and read this:
- If the IRS thinks your estimate of the amount of tax you owe is unreasonable, it may disallow your extension and assess a late-filing penalty.
I wonder how they decide what is unreasonable?
‎February 25, 2024
7:15 PM