Thanks! This is helpful. My initial question was whether the estimated quarterly tax payments can be used to satisfy the “safe haven” criteria that the IRS lists in Form 2210 (and that the media and others often bring up when it comes to avoiding underpayment penalties).
I guess the answer to this question is clearly “no” then? In other words, the “safe have” rule stating that you don’t pay underpayment tax penalties if you paid at least 100% of the prior years taxes (or owe less than 90% or $1000 in current year taxes) only considers withholdings. Is this correct?
Thanks!
