2007-11-14 09:58:01 · 9 answers · asked by Kenneth D 1 in Business & Finance ➔ Taxes ➔ United States
You need to pay all of it to avoid penalties.
2007-11-14 10:01:39 · answer #1 · answered by Jen 5 · 0⤊ 0⤋
100%
If you mean to avoid penalty for underwithholding, then there one of the following 3 rules need to be met to avoid the penalty.
1. 90% of this years tax liability.
2. 100 % of last years tax liability.
3. When you file your return, you owe less than $1000.
If you meet one of the 3 above rules, then you will not be penalized for underwithholding. Of course, if you are considered a high wage earner, then these rules change.
2007-11-14 10:35:01 · answer #2 · answered by Steve 6 · 0⤊ 0⤋
If you meant what needs to be paid in advance (through withholding or estimated taxes) to avoid the penalty for underwithholding, 90%.
2007-11-14 10:05:55 · answer #3 · answered by StephenWeinstein 7 · 0⤊ 0⤋
Either 90% of your total tax liability for the year, or 100% of your total tax liability for the year, or owe less than $1000.
2007-11-14 14:01:55 · answer #4 · answered by Judy 7 · 0⤊ 1⤋
In addition to what Steve says, there will be no interest, failure to file, or failure to pay penalties if the return is filed and the tax is paid no later than the due date.
2007-11-14 11:49:57 · answer #5 · answered by Charlie & Angie G 4 · 0⤊ 2⤋
100%
2007-11-14 10:09:50 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 0⤋
100%
2007-11-14 10:00:11 · answer #7 · answered by Fred S - AM Cappo Di Tutti Capi 5 · 0⤊ 0⤋
huh? not sure, but i know its not 100%
2007-11-14 10:00:57 · answer #8 · answered by mr fugi 6 · 0⤊ 0⤋
all of it
2007-11-14 10:05:51 · answer #9 · answered by Anonymous · 0⤊ 0⤋