DVaut1
03-28-2006, 01:13 PM
Do I have to report my calculations to the IRS/the state tax treasurer (I live in Michigan), or do I just send in the payment? I've read the documentation (and browsed a few websites) and it seems like I can be pretty liberal in how I choose to calculate my estimated payments -- so much so that the IRS doesn't require you to report how you did the calculations (IOW, you don't need to turn in the 1040-ES worksheet). Anyone with information on this would be helpful. I assume most of you won't know Michigan state law, but may have some insight with regard to estimated federal taxes.
I noticed a thread convering this topic a few days ago, but it did not address whether or not the IRS requires the calculations.
I noticed a thread convering this topic a few days ago, but it did not address whether or not the IRS requires the calculations.