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Get your taxes done using TurboTax
@DoninGA I calculated that I will need to pay $50k total in federal taxes in 2020. If my employer did not withhold enough federal taxes in Q1 2020, and I make Q2 and Q1 estimated tax payments directly to the IRS by July 15, totaling my total federal tax paid to $25k, will I still owe the underpayment penalty for Q1? Will my W2 from the employer reflect the federal taxes paid directly to IRS? Where do I need to put the taxes paid on 2020 tax return?
‎June 13, 2020
1:19 PM