Article Highlights:

• Pay-as-you-go tax system
• Tax law changes affecting estimates
• Underpayment penalties
• Safe harbor estimates

Our tax system is a “pay-as-you-go” system, and if your pre-paid amount is not enough, you become liable for non-deductible interest penalties. To facilitate that concept, the government has provided several means of assisting taxpayers in meeting the “pay-as-you-go” requirement. The primary among these include: Read More