What does annualized income installment method mean?

annualized income installment method meaning in Law Dictionary

the way in which fees tend to be carried out by taxpayers that do not get even repayments. It's done on a quarterly price. Taxation under repayment penalties might be paid down.


annualized income installment method meaning in Business Dictionary

A method of taxation reporting utilized by taxpayers who do not get even payments, such a monthly income, during the period of a-year. Payments tend to be calculated on a quarterly basis, with a calculated estimate of earnings the 12 months based on the repetition of the stated quarter's profits, that may reduce taxation underpayment charges.