A family member waited too long taking a RMD and the company sent it without taking out any tax. This resulted in them being short 3K+ federal and 4K+ in state on his taxes.
His tax guy set up quarterly payments for 2024.
Does he have to make quarterly payments?
Can he not make quarterly payments and adjust his tax withholding from one of his pensions or time his RMD withdrawal better in 2024?
If he has to make quarterly payments can he just pay it all at once? Send 1 check and all 4 vouchers?
His tax guy set up quarterly payments for 2024.
Does he have to make quarterly payments?
Can he not make quarterly payments and adjust his tax withholding from one of his pensions or time his RMD withdrawal better in 2024?
If he has to make quarterly payments can he just pay it all at once? Send 1 check and all 4 vouchers?
Statistics: Posted by 2ball — Wed Apr 10, 2024 2:25 pm — Replies 2 — Views 75