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mtaylor-wgtaylor
New Member

Why do I need to file a 140ES;

I will request additional withholdings.
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‎June 4, 2019 10:21 PM
last updated ‎June 04, 2019 10:21 PM
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ChelseaS
New Member

Why do I need to file a 140ES;

We'll automatically include 4 quarterly 1040-ES vouchers with your printout if you didn't withhold or pay enough tax this year. We do this to head off a possible underpayment penalty on next year's taxes.

You may find the following TurboTax articles helpful.

TurboTax Blog: Estimated Taxes - How to Determine What to Pay and When

TurboTax FAQ: https://ttlc.intuit.com/replies/3301872

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‎June 4, 2019 10:21 PM
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1 Reply
ChelseaS
New Member

Why do I need to file a 140ES;

We'll automatically include 4 quarterly 1040-ES vouchers with your printout if you didn't withhold or pay enough tax this year. We do this to head off a possible underpayment penalty on next year's taxes.

You may find the following TurboTax articles helpful.

TurboTax Blog: Estimated Taxes - How to Determine What to Pay and When

TurboTax FAQ: https://ttlc.intuit.com/replies/3301872

‎June 4, 2019 10:21 PM
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