Accepted Answer

You can still make an estimated tax payment(s) even if you have withholding from your wages earned during the year. These payments will be added to your withholding which will reduce the tax you may owe when you figure your taxes around February. You could also or instead request that withholding tax be withheld from your unemployment checks. If you have already paid 100% of your 2008 tax by withholding, you would not incur the estimated tax penalty. Also, if you pay 90% of your 2009 tax by 1/15/2010, the estimated tax penalty would not apply. The estimated tax penalty may apply if you expect to owe $1000 or more after all your withholding and other credits are subtracted from your total tax.

If you believe you cannot pay all your 2009 taxes by 4/15/2010, then you can request an installment plan to make payments. Any taxes paid after 4/15/2010 would be subject to a late payment penalty and interest. Your tax preparer may be able to help you do this. If not, call the IRS at 1-800-829-1040 or file a Form 433-D





Edited by JK_CPA on 10/27/2009 at 11:59 PM

Expert:	JK_CPA
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Answered:	10/27/2009

Certified Public Accountant (CPA)

with 5 years accounting experience and 18 years tax experience.