topic I changed my tax withholdings for this year to avoid underpayment; do I need to be concerned that the IRS will be waiting for vouchers for estimated payments? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/i-changed-my-tax-withholdings-for-this-year-to-avoid-underpayment-do-i-need-to-be-concerned-that-the/01/749978#M300321 <P>I retired in 2016 and apparently not enough taxes were being withheld in 2017 from my annuity. I had a large tax balance due and TurboTax printed out quarterly vouchers for me to use to send in my tax. I chose instead to change my monthly tax withholding. I am concerned that IRS may be waiting for my quarterly vouchers since I had to pay a penalty for underpaid taxes in 2017.<BR /></P> Thu, 06 Jun 2019 19:30:03 GMT vjacqmin 2019-06-06T19:30:03Z I changed my tax withholdings for this year to avoid underpayment; do I need to be concerned that the IRS will be waiting for vouchers for estimated payments? https://ttlc.intuit.com/community/taxes/discussion/i-changed-my-tax-withholdings-for-this-year-to-avoid-underpayment-do-i-need-to-be-concerned-that-the/01/749978#M300321 <P>I retired in 2016 and apparently not enough taxes were being withheld in 2017 from my annuity. I had a large tax balance due and TurboTax printed out quarterly vouchers for me to use to send in my tax. I chose instead to change my monthly tax withholding. I am concerned that IRS may be waiting for my quarterly vouchers since I had to pay a penalty for underpaid taxes in 2017.<BR /></P> Thu, 06 Jun 2019 19:30:03 GMT https://ttlc.intuit.com/community/taxes/discussion/i-changed-my-tax-withholdings-for-this-year-to-avoid-underpayment-do-i-need-to-be-concerned-that-the/01/749978#M300321 vjacqmin 2019-06-06T19:30:03Z No, you do not need to be concerned that the IRS will be... https://ttlc.intuit.com/community/taxes/discussion/no-you-do-not-need-to-be-concerned-that-the-irs-will-be/01/749980#M300322 <P>No, you do not need to be concerned that the IRS will be waiting for vouchers for your estimated tax payments.</P><P>The IRS doesn't care if you pay your taxes during the year through withholding <I>or </I>estimated tax payments, as long as the taxes are paid.&nbsp;&nbsp;</P><P>The IRS is never "waiting" to receive your estimated payment vouchers, so you will never receive a notice or anything like that from the IRS regarding missing payments.&nbsp;&nbsp;</P> Thu, 06 Jun 2019 19:30:04 GMT https://ttlc.intuit.com/community/taxes/discussion/no-you-do-not-need-to-be-concerned-that-the-irs-will-be/01/749980#M300322 Rachel_W 2019-06-06T19:30:04Z
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topic I changed my tax withholdings for this year to avoid underpayment; do I need to be concerned that the IRS will be waiting for vouchers for estimated payments? in Get your taxes done using TurboTax
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<P>I retired in 2016 and apparently not enough taxes were being withheld in 2017 from my annuity. I had a large tax balance due and TurboTax printed out quarterly vouchers for me to use to send in my tax. I chose instead to change my monthly tax withholding. I am concerned that IRS may be waiting for my quarterly vouchers since I had to pay a penalty for underpaid taxes in 2017.<BR /></P>
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I changed my tax withholdings for this year to avoid underpayment; do I need to be concerned that the IRS will be waiting for vouchers for estimated payments?
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<P>I retired in 2016 and apparently not enough taxes were being withheld in 2017 from my annuity. I had a large tax balance due and TurboTax printed out quarterly vouchers for me to use to send in my tax. I chose instead to change my monthly tax withholding. I am concerned that IRS may be waiting for my quarterly vouchers since I had to pay a penalty for underpaid taxes in 2017.<BR /></P>
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No, you do not need to be concerned that the IRS will be...
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<P>No, you do not need to be concerned that the IRS will be waiting for vouchers for your estimated tax payments.</P><P>The IRS doesn't care if you pay your taxes during the year through withholding <I>or </I>estimated tax payments, as long as the taxes are paid.&nbsp;&nbsp;</P><P>The IRS is never "waiting" to receive your estimated payment vouchers, so you will never receive a notice or anything like that from the IRS regarding missing payments.&nbsp;&nbsp;</P>
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