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Giant Leak of Offshore Financial Records Exposes Global Array of Crime and Corruption

165
klys (maker of Silmarils)4/03/2016 5:34:45 pm PDT

re: #154 thedopefishlives

Might want to be careful with that - by law, if you owe more than $1k in taxes, you’re supposed to pay estimated taxes every quarter. There’s a calculation worksheet you can fill out to figure out if you owe estimated taxes.

More fun tax facts: penalties don’t actually kick in unless you owe more than $1k and failed to pay 90% of the amount you owe this year OR 100% of the amount you paid the previous year (110% if your AGI is above …I think it’s $159,000).

I am somewhat familiar with this gray area, yes.