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Can I make one lump sum payment to Estimated Taxes by the January deadline and not face penalties since I owed no tax last year?
I am self employed and owed no tax last year but made more income this year. I had planned to make quarterly estimated tax payments this year, but did not. Can I make one lump sum payment by the January deadline and not face penalties since I owed no tax last year?
May 31, 2019
6:31 PM