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When do I have to pay estimated taxes on an unexpected payment I received in mid September?
Every year we receive a payment in April on a note that we have with a business and we have taxes withheld. This year the company made another unexpected payment to us in mid September with no taxes withheld. When do I have to make tax payments on that to avoid a penalty and how do I let the IRS know that I did not have this money all year long so I didn't make quarterly payments?
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‎December 18, 2020
7:07 AM