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After you file
The estimated payments are optional. If you expect to owe at least $1000 at tax time next year, they can be a good idea to prevent an underpayment penalty next year. If you do not want to use the 1040ES forms you do not have to -- or if you want to pay lower estimated amounts you can cross out the printed amount and write in a different amount if you want to.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎July 9, 2020
6:31 AM