I know the rule you mentioned. I just need to know, if my calc is correct.
- if they paid withholding and estimated tax of at least 90% of the tax for the current year or 100% of the tax shown on the return for the prior year, whichever is smaller.
Based on my numbers, what do you see?
Total Tax $21,636
withholding is $18,829.
18.8/21.6 = 87%.. that mean, I should pay 900 with extension to avoid?
