US citizen. Became Michigan resident 1/20/2020 (from Canada).
Michigan states it follows IRS guidelines for estimated tax requirement:
90% of your current year's tax liability,
or 100% of your previous year's tax liability,
or 110% of your previous year's tax liability if your previous year's adjusted gross income is more than $150,000 ($75,000 or more for married filing separate).
Since I had no Michigan tax liability the prior year, can I pay "100% of your previous year's tax liability" of $0?
My IRS tax liability last year was ~$200 which is what I am doing likewise for the IRS.
Estimated state tax payments
Moderator: Mark T Serbinski CA CPA
Re: Estimated state tax payments
Sounds right.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing