Please note that videos are filmed in previous days and times, so information may have been updated since the time of filming.

Penalty for the underpayment of estimated taxes

You are supposed to pay quarterly taxes every quarter

If you underpay your estimated taxes, there could be penalties

You must pay either 90% of your current year’s tax bill or 110% of the previous year

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At the date of filming, this information was true and accurate. Please note that over time, the rules can change. Always reach out to your CPA to verify that the information is still applicable.

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