@Carl Thank you for the detailed reply!
- "can reduce or in some cases totally eliminate the late payment penalties" - do you mean penalties only, and not interest on my late payments? Is there a way to avoid the interest?
- How can I do this from TurboTax - I didnt see an option for this in the "Estimated Taxes" section when I "amended" my 2019 return.
- Taxes surely can be "self inflicted permanent brain damage", which is why I appreciate your reply and products like TurboTax so much. 🙂 Thank you for sharing your "self-imposed 20% rule", that is something I will keep in mind. I also didnt know about the "W-2 employees" rule for estimated taxes, another thing I will keep in mind, should I be so lucky that my business becomes successful.
@Critter-3 thank you
@Anonymous_ thanks for the clarification!
