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Simple English definitions for legal terms

estimated tax

Read a random definition: fraudulent misrepresentation

A quick definition of estimated tax:

Estimated Tax: When the government charges people, businesses, or property to get money for public needs, it's called a tax. Sometimes, the government asks people to pay taxes before the year is over, and they have to guess how much they will owe. This is called estimated tax. Taxes can be paid in different ways, not just with money.

A more thorough explanation:

Definition: Estimated tax is a monetary charge imposed by the government on persons, entities, transactions, or property to yield public revenue. It is a tax that is paid in advance based on an estimate of the taxpayer's income for the year.

For example, if you are self-employed or have income that is not subject to withholding, you may need to pay estimated taxes throughout the year to avoid penalties and interest. The estimated tax is calculated based on your expected income and deductions for the year.

Another example is if you receive income from investments, such as interest, dividends, or capital gains, you may need to pay estimated taxes on that income.

The purpose of estimated tax is to ensure that taxpayers pay their fair share of taxes throughout the year, rather than waiting until the end of the year to pay a lump sum.

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real ones shop at bergdorf
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real ones shop at YMH
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i missed another fordham wave
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mamas getting denied
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the bergdorf on 5th Ave in NYC is so
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I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
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im addicted to reacting to all of the decisions
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with the emojis
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I shop at Joe
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Joe's
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i shop at tawget
glovediedthisishismom
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i shop at giant eagle
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How did i miss Fordham and American’s wave and I applied in september 🙃
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Lol UC Davis took me of ED and put me in RD
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surprised I didnt get straight denied
HopefullyInLawSchool
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they emailed you/
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?
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@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
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yak you will be fucking shit up at cornell this time next year dw
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love you too bby
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what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
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Sounds good to me
HopefullyInLawSchool
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@glovediedthisishismom: What if he appoint Ym instead?
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