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RPD-41272 12 Rev. 12/3/2012 New Mexico Taxation and Revenue Department 2012 Calculation of Estimated Personal Income Tax Underpayment Penalty Print your name (first, middle, last) Enter your social
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What is calculation of estimated personal?
Estimated personal calculation is an approximation of how much tax an individual or household is expected to owe for the year.
Who is required to file calculation of estimated personal?
Individuals or households with income sources that are not subject to withholding or do not have enough taxes withheld are required to file calculation of estimated personal.
How to fill out calculation of estimated personal?
The calculation of estimated personal can be filled out using Form 1040-ES, which includes instructions on how to estimate income, deductions, and credits to determine the estimated tax liability.
What is the purpose of calculation of estimated personal?
The purpose of calculating estimated personal is to avoid underpayment penalties by ensuring that enough taxes are paid throughout the year.
What information must be reported on calculation of estimated personal?
The calculation of estimated personal requires information on income, deductions, credits, and tax payments for the year.
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