Holly's (MFS) 2023 tax liability is $51,293. Her AGI is greater than $75,000. Her 2023 withholding...
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Holly's (MFS) 2023 tax liability is $51,293. Her AGI is greater than $75,000. Her 2023 withholding was $42,910, and she made no other payments during the year. Her 2022 tax liability was $39,570. Does she owe an estimated tax payment penalty for 2023? Why or why not? Holly's (MFS) 2023 tax liability is $51,293. Her AGI is greater than $75,000. Her 2023 withholding was $42,910, and she made no other payments during the year. Her 2022 tax liability was $39,570. Does she owe an estimated tax payment penalty for 2023? Why or why not?
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To determine if Holly owes an estimated tax payment penalty for 2023 we need to check if she met one ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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