Question: tax question for usa in january yari inherited 2000000 yari...
Tax Question: For USA
In January, Yari inherited $2,000,000. Yari plans to invest this inheritance and expects to have an additional investment income of approximately $100,000. Yari is concerned about estimated tax penalties since he has never had enough income to even file a tax return.
Yari has asked you to give him advice regarding when and how much to pay in order to avoid estimated tax penalties when he files his return next April.