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Video instructions and help with filling out and completing Fill Form 2220 Defined

Instructions and Help about Fill Form 2220 Defined

Hi my name is Balaji Jack ma am i practicing intelligent I thought of making a video presentation on estimated taxes penalty so estimated taxes in Aldie in this country United States of America okay the IRS require certain people to pay taxes in advance through the system call estimated taxes so they need to estimate an approximation tax that there is a definition for this approximation which we'll talk later they have to estimate their taxes and they need to pay in advance so the IRS says there are certain people who must pay taxes and those people need to find out how much will be their taxes so they either can work out their actuals and try to pay ninety percent of their current here taxes if they cannot do that they can pay 100 percent of last year taxes if their aga was one hundred and fifty thousand last year which is more than 150 thousand they should pay at least one hundred and ten percent of last year taxes so they'll be okay and they will not pay any taxes if they satisfy this requirement and also certain people at the time of filing taxes after paying all the stimuli taxes in withholding taxes and their liability might be less than one thousand dollars they're okay they will not pay any estimated taxes penalty but if some guys who whose tax liability is more than thousand dollars they are cutting a check for more than one thousand dollars at the time of filing taxes they are in trouble they should have settle this at least before dinner like there's a deadline the four quarters of estimated taxes to be paid at certain deadlines so that's a requirement so if you cannot make estimated tax payments then...

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