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Why is Turbotax saying I have an underpayment penalty?

Simply put, underpayment of estimated tax occurs when you dont pay enough tax when you pay quarterly estimated tax payments. Failure to pay the right amount of estimated tax throughout the year might result in a penalty for underpayment of estimated tax. Understanding the penalty for underpayment of estimated tax hrblock.com irs refunds-and-payments hrblock.com irs refunds-and-payments

How do I get a NY state tax form?

The fastest way to obtain forms and instructions is to download them from our website. Current and prior-year forms are available as standard PDFs, and select forms are available as enhanced fill-in PDFs. For detailed instructions on downloading our forms, see Forms-user instructions. How to get forms and instructions - Tax.NY.gov - New York State ny.gov otherwaystogetforms ny.gov otherwaystogetforms

Does NYS require estimated tax payments?

You may be required to make estimated tax payments if: you receive income such as interest, dividends, alimony, capital gains, gambling and lottery winnings, prizes and awards, or income from a pension; you expect to owe income tax of $300 or more to New York State, New York City, or Yonkers; or.

How do I send estimated taxes to the IRS?

You may send estimated tax payments with Form 1040-ES by mail, or you can pay online, by phone or from your mobile device using the IRS2Go app. You can also make your estimated tax payments through your online account, where you can see your payment history and other tax records. Go to IRS.gov/account.

Where do I mail my 2023 federal estimated tax payments?

Alaska, Arizona, California, Colorado, Hawaii, Idaho, New Mexico, Nevada, Oregon, Utah, Washington, Wyoming: Internal Revenue Service, P.O. Box 7704, San Francisco, CA 94120-7704.

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