A taxpayer must have withholdings as well as estimated tax payments that are equal to or greater than 100% of their tax liability from the prior year in order to comply with the safe harbour provisions if they had an adjusted gross income of $120,000 inside the prior year.
A taxpayer is a natural person, business, or other entity that must pay taxes. The government may issue identification or reference numbers to individuals or businesses as modern taxpayers. One who pays taxes is generally referred to as a "taxpayer". A taxpayer is a person or a business that must pay taxes to local or federal taxing authorities. In addition to many other forms, taxes can take the form of income taxes or property taxes levied against owners of real property (including such homes as well as vehicles). When people purchase taxable goods and services, they may be required to pay taxes.
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