Avoid an under-payment tax penalty 

by BL Schultz

December 16, 2015

Before celebrating 2016, estimate 2015 earnings and taxes paid by examining paystubs combined with other estimated income. Pay particular attention to stock market and mutual fund gains and losses in accounts that do not withhold income taxes. Ninety percent of taxes owed must be paid by the end of the year to avoid an underpayment tax penalty.