“You can file an extension, but if you have taxes that are owed, they will still charge you interest and penalties on what you haven’t paid in. The extension is only for FILING, not for PAYING”
I second this response.
You are better off adjusting w-4 and quarterlies. For quarterlies, figure out what the lowest amount you can send is that doesn’t trigger punitive penalties. I’ve never paid more that 300 in penalties to keep my money in the bank.
Can't believe I didn't think of that, too. The whole point is to starve the beast and make the media and "takers" note that taxpayers are not going to just sit by and watch our "wealth" get "spread around".
That's exactly what we do. I only take out what is required by law, then pay in estimated every quarter in order to avoid penalties at the end of the year.