Quote:
Originally Posted by jimhoward
Bill14564's advice is very smart. I have often underpaid my estimated taxes and ended up paying interest and penalties. It's a really dumb thing to do. Use the safe harbor method and pay your estimated taxes.
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the problem with that is if your ID is hacked, and someone files a return in your name, you have a huge hassle to get it back. If you owe a small amount of taxes, then you are not waiting for a refund if someone scam files ahead of you. .
pros and cons. . so best is to pay 99% of estimated due, and the penalty won't be very big. .