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Farming Hoo

Joined: 1/4/01 Posts: 722
Likes: 132


No. Depends on prior year tax and current year withholding.


If you pay in through withholding in 2107 at least 100% of the the tax shown on your 2016 return (110% in certain cases), you will not have an underpayment penalty for 2017. However, you may have a big check to write come April 2018.

(In response to this post by Ronald Mexico)

Posted: 04/19/2017 at 12:50PM



+1
Current Thread:
 
  
? for any of your CPA types. -- Ronald Mexico 04/19/2017 12:07PM
  Thanks FH....this was more my understanding. -- Ronald Mexico 04/19/2017 12:55PM
  Probably (see rules linked) -- Stimp 04/19/2017 12:12PM

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