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Originally Posted by gresch
you need to go to the irs site and get the regs on underpaying your taxes during the year. there's a law about not paying enough during the year and they slap you with a penalty and could force you to make quarterly payments in subsequent years.
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This happened to me in 2002. I underpaid by $4600. There was a $60 penalty and they sent me the forms for quarterly payments but you're not forced to do it. I changed my withholdings for 2003 to give them an extra $400 per month and they were fine with that.
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03 Blk/Tr, Halltech CF Stinger w/MAF mounted powerstack, Swaintech coated B&B shorties, Borla Stingers, Baer rotors, B&M Ripper, CF fuel rail covers, CCW 505A's w/Pirelli 305/30-19, 275/30-19 P-Zero Rosso Z's, 04 shocks(formerly VettTheRipper)
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