abctax55
Level 15
09-18-2020
02:00 PM
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Rick, I agree.
I explain the "logic" of the 110% (and the fact that it's a CYA move mainly) and let the client decide if they want to loan the extra money to the government or take the chance. And with these clients, we often revisit the issue late in the year and consider adjusting withholding and/or the last estimate. Often, annualizing is involved.
HumanKind... Be Both