I filed taxes for the first time in 2015 using the Turbotax. It comes up with "estimated taxes."
If however I don't pay all the taxes the IRS thinks I owe by the April 15th due date, they will bill me for the remainder with interest penalties.
My question is, if my tax software fails and underestimates how much I owe, what can I do to protect myself from penalties for underpaying?
How do I know what the IRS thinks is my tax liability before getting a penalty?
If however I don't pay all the taxes the IRS thinks I owe by the April 15th due date, they will bill me for the remainder with interest penalties.
My question is, if my tax software fails and underestimates how much I owe, what can I do to protect myself from penalties for underpaying?
How do I know what the IRS thinks is my tax liability before getting a penalty?
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