How to Avoid an Underpayment Tax Penalty
*The SEC/FINRA mandate that YouTube Comments need to be monitored with the same degree of security as emails. Therefore, until we can find a secure enough solution, we have to disable comments. If you have any questions for me or my office, please don't hesitate to reach out on the website (dimeandassociates.com). Thanks! 00:00 - Intro 00:49 - When are Taxes actually Due? 02:31 - What causes an Underpayment Penalty? 06:11 - Math on Underpayment Penalty 08:11 - Safe Harbor Withholding (simple solution) 11:12 - Exceptions to Penalty Tax 12:41 - Best Practices to Avoid Penalty IRS on Tax - https://www.irs.gov/payments/underpay... IRS on Interest Rates - https://www.irs.gov/payments/quarterl... IRS on Estimated Taxes - https://www.irs.gov/businesses/small-... 1040-ES - https://www.irs.gov/pub/irs-pdf/f1040... How to Pay the IRS - https://www.irs.gov/payments IRS on "No Tax Liability" - https://www.irs.gov/faqs/estimated-ta... #retirement #edmonds #tax
