Question
Which of the following is NOT an exception to the penalty for failure to pay esstimated tax? A. The total balance due after withholding is
Which of the following is NOT an exception to the penalty for failure to pay esstimated tax? A. The total balance due after withholding is less than $1,000, B. The total balance due after withholding is less than $5,000, C. the taxpayer paid (through withholding and/or timely estimated tax payments) as least 90% of the current year's tax liability, D. The taxpayer paid (through withholding and/or timely estimated tax payments) at least 100% of the previous year's tax liability, or $110% of the taxpayer's adjusted gross income for the previous year was $150,000 or more
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