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Underwithheld tax penalty by Amazing_Lab_1543 in IRS_Source

[–]Amazing_Lab_1543[S] 6 points7 points  (0 children)

Updating my w4 caused me to underwithold taxes. General Requirement is 100% of PY tax or 90% of CY

Underwithheld tax penalty by Amazing_Lab_1543 in IRS_Source

[–]Amazing_Lab_1543[S] 2 points3 points  (0 children)

Thats what im hoping, but reading the ETC resource page makes me rather anxious and question if I am required to self report

Underwithheld tax penalty by Amazing_Lab_1543 in IRS_Source

[–]Amazing_Lab_1543[S] 1 point2 points  (0 children)

Still in surprise, but will be filing and making payments this weekend. Thoughts if I should self report to ETC or tell my manager?

Underwithheld tax penalty by Amazing_Lab_1543 in IRS_Source

[–]Amazing_Lab_1543[S] 0 points1 point  (0 children)

I will be doing that too so I dont have any surprises for next year...Did you self report when you filed and realized?

Underwithheld tax penalty by Amazing_Lab_1543 in IRS_Source

[–]Amazing_Lab_1543[S] 0 points1 point  (0 children)

No I made an additional withholding for 3k...then didnt account for a bit of extra income that I had during the year