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If I overpay estimated payments for a quarter, will it cover the estimated payment for the next quarter if the amount overpaid covers the entirety of what is owed in the next quarter?
I overpaid one quarter of estimated taxes. However the following quarter taxes were low enough that the previous quarter’s overpayment would cover the next quarter’s taxes. Do I still have to make an estimated payment for that subsequent quarter even though the overpayment from the previous quarter would cover it?
Thanks.
Thanks.
January 3, 2019
7:06 AM