Camp1040
Level 11
05-07-2024
03:44 PM
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@BobKamman I generally do not calculate the penalty for underwitholding and failure to pay estimated taxes. I inform my clients they may get a "request" for additional payment due because of ES penalty. I had a client receive a letter for the ES penalty and the amount due was $100.20.
That 20 cents triggered the $100 norm!!