Collean wrote:

- quote -

You've been posting the similar questions on misc.taxes and
on misc.taxes.moderated for about a week now, but with
different details. However, if the facts are as specified,
and if YOU, whose liability last year was $500, is the same
taxpayer who is filing this year (i.e., if your status this
year will be Married Filing Separate, then the $500 is YOUR
liability on a Single or MFS return; if your status this
year will be Married Filing Joint, then the $500 is the
liability on the sum of your returns) --

I'm afraid not. Withholding may be considered to be
distributed equally over the 4 quarters, but the $500
estatimated taxes would have had to have been paid in equal
shares by April 15, June 15, September 15, and next January
15 in order to avoid penalties. If you could find a way to
get the $500 WITHHELD, that would be different.

I see you understood this in part.

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I read that:

The underpayment can also be avoided by prepaying through
withholding and estimated tax payments an amount equal to
100% or more of the prior year's tax liability. Caution: See
High IncomeTaxpayers below.

If my tax liability last year was $500 and I don't work this
year and I forgot to file estimated taxes, I heard I can
avoid taxes by prepaying estimated tax payments amount equal
to 100% or more of prioer year's tax liability. So I can
just send the government $500 and I won't be faced with
peanlties? But does it work the same like federal
withholding in that it is payment divided evenly throughout
the year? Will I still be faced with penalties if I just pay
the governemnt $500 now?

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