Re: Why does IRS care if I owe $1000 or more in taxes & need to pay estimated taxes for the current tax year? I don’t mind paying a big lump sum when due.
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Why does IRS care if I owe $1000 or more in taxes & need to pay estimated taxes for the current tax year? I don’t mind paying a big lump sum when due.
Thx for the reply.
I guess the key is to stay under 1K, and then you get a tax-free loan you pay back in full by the following Apr 15. If >1K, you still get the “loan” but paying back in full + interest.
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