I don’t know for sure that this applies federally, but in my municipality you have to make estimated payments throughout the year if you don’t have them deducted from your pay. My employer made a mistake and didn’t withhold local taxes, and when I paid in a lump sum a fine was assessed.
I don’t know for sure that this applies federally, but in my municipality you have to make estimated payments throughout the year if you don’t have them deducted from your pay. My employer made a mistake and didn’t withhold local taxes, and when I paid in a lump sum a fine was assessed.