I got a distribution of my pension funds in a foreign country (which is treated as Other Income here) last year and this year which were not taxed in the foreign country and not included in my W-2. For the income tax filing for last year, I was penalized because I had not paid the extra income tax in U.S. due to the distribution.
Shall I pay the estimated extra income tax before the end of this year? If yes, how?
Hello,
In order to not get a penalty you should make estimated payments.
Here is a good article on how and when you should make estimated payments.
You can go online and make the estimated payment https://www.irs.gov/payments
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