FredLooban
Junior Member
What is the name of your state (only U.S. law)? California
Our company let us control how much money we can withhold, is it OK if just pay my income tax on April 15 of the tax year?
For example I put exempt and at the end of this year there is $0.0 withholding tax on me, I owe $3K IRS can I just pay them on April 15, 2015?
Can I do this every year? Will there be a fine or penalty for that? Or will I get a friendly letter from the IRS?
This is the very first time I am gonna do this because I am just tight on money this year.
Thanks a lot you Guys!
Fred
Our company let us control how much money we can withhold, is it OK if just pay my income tax on April 15 of the tax year?
For example I put exempt and at the end of this year there is $0.0 withholding tax on me, I owe $3K IRS can I just pay them on April 15, 2015?
Can I do this every year? Will there be a fine or penalty for that? Or will I get a friendly letter from the IRS?
This is the very first time I am gonna do this because I am just tight on money this year.
Thanks a lot you Guys!
Fred