Explain What Happens If You Don’t Pay The Estimated Tax Or Miss The

1.	Explain What Happens If You Don’t Pay The Estimated Tax Or Miss The Tax Payment?
Answer» You are liable to a PENALTY which is very nominal; you need to pay AROUND 6-8% ANNUALLY on your TAX. For example, you owed $100 in TAXES and missed the quarterly tax payment then you need to pay $8 in penalties at the year’s end. You are liable to a penalty which is very nominal; you need to pay around 6-8% annually on your tax. For example, you owed $100 in taxes and missed the quarterly tax payment then you need to pay $8 in penalties at the year’s end.

Explain What Happens If You Don’t Pay The Estimated Tax Or Miss The Tax Payment?

Answer»

You are liable to a PENALTY which is very nominal; you need to pay AROUND 6-8% ANNUALLY on your TAX. For example, you owed $100 in TAXES and missed the quarterly tax payment then you need to pay $8 in penalties at the year’s end.

You are liable to a penalty which is very nominal; you need to pay around 6-8% annually on your tax. For example, you owed $100 in taxes and missed the quarterly tax payment then you need to pay $8 in penalties at the year’s end.

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Explain What Happens If You Don’t Pay The Estimated Tax Or Miss The Tax Payment?

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