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Online solutions help you to manage your record administration along with raise the efficiency of the workflows. Stick to the fast guide to do Form 2220, steer clear of blunders along with furnish it in a timely manner:

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Video instructions and help with filling out and completing Form 2210 waiver explanation

Instructions and Help about Form 2210 waiver explanation

Hello this is called ion from smart tax advisor comm we want to talk to you a little bit about a situation that's come up with our clients in terms of estimated tax payments I've had several clients who misunderstood that estimated tax payments our our requirement you are supposed to be paying taxes on an ongoing basis when your w-2 wage earner you would pay your taxes with every paycheck well as a self-employed individual the IRS expects you to pay us taxes on an ongoing basis four times a year with us to made a tax payments it's not optional some people believe it's an optional thing that they can wait till the end of the year to pay the taxes not really true you need to be able to pay your taxes on an ongoing basis otherwise your face penalties for not paying estimated taxes penalties will tell you to pay taxes and worship when we come time to file your tax return and we have to file an extension if you're not aware of how much you need to pay and you don't pay anything with the extension you have a penalty so failure to pay even that so we want to really kind of get it across to you that you should be talking to your accountant if you're self-employed to be able to set aside money pay your taxes on an ongoing basis throughout the year not just at tax time it's not optional I'm kind of making that point of focus because I've had several clients who thought they were surprised and shocked when they found that they owed money in penalties interest and they thought it was okay to wait till the end of the year again this is pauldine from smart tax advisor calm.

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