Mickey,a calendar year taxpayer,filed a return correctly showing no Federal income tax liability for 2009.During 2010,his AGI is $120,000 and his tax liability is $20,000.To avoid a penalty for 2010,Mickey must make aggregate estimated tax payments of at least:

Question

Quizplus · Accepted Answer

Since Mickey had no tax liability in the previous year (2009), he is not required to make estimated tax payments for 2010 to avoid a penalty.

Mickey,a Calendar Year Taxpayer,filed a Return Correctly Showing No Federal