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Get your taxes done using TurboTax
the 1040 V is to accompany a check, money order that you send the IRS for the balance due on the 2020 return. you can also ignore it and make the payment through the IRS website
you can also pay the estimates through the same site. the alternative is to increase your withholding so the total withheld is equal to last year + the amounts on each of the 4 1040-ES
put another way if you don't make the estimate payments your 2021 withholding must be 90% of 2021 tax or 100% (110% if 2020 AGI over $150,000/$75,000 if MFS) to avoid penalties
March 13, 2021
11:02 AM