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Tax Penalty

How To Calculate Your Estimated Tax Penalty

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If you are an independent contractor, it's always best to be prepared and know how to calculate your estimated tax penalty. You may opt to overpay, but that won't be necessary if you have an estimated tax payment amount. After all, the money you'll be paying for fines may be better used for something else like an investment. Learn more about how to calculate an estimated tax …Continue Reading

Penalty For Late Taxes | Everything You Need To Know

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It is important for everyone to understand the penalty for late taxes, so they can avoid owing additional money to the IRS. Every year, an estimated 7 million Americans won't file their taxes on time. Filing taxes late can seem tempting, especially those people who know they'll owe money. If you want to understand how much the interest and penalty will be for filing taxes one …Continue Reading