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Get your taxes done using TurboTax
Thanks, I was asking because I read the following on IRS web site (https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes:(
You don’t have to pay estimated tax for the current year if you meet all three of the following conditions.
- You had no tax liability for the prior year
- You were a U.S. citizen or resident for the whole year
- Your prior tax year covered a 12-month period
It seems that he does not have to pay estimated tax because he meets all three conditions, so I welcome any clarifications... thanks!
August 30, 2021
4:11 PM