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Paul M. Cook Paul M. Cook is offline
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Default OT - anyone here pay estimated US income tax?


"taxed and spent" > wrote in message
...
>
> "Paul M. Cook" > wrote in message
> ...
>>
>> "Janet B" > wrote in message
>> ...
>>> On Sat, 18 Jul 2015 16:20:00 -0700 (PDT), Kalmia
>>> > wrote:
>>>
>>>>what happens if you are late getting that payt in? I missed it by 2
>>>>weeks.
>>>>I usually overpay and get a refund in Feb.
>>>
>>> You pay a prorated penalty at tax return time. It is taken from the
>>> refund. Nothing else happens.
>>> Janet US

>>
>> Never heard of that and it has never happened to me. I pay sometimes
>> only twice a year. Been doing that for 24 years now. The IRS only
>> really cares if your payment is less than 90% of what you owed last year.

>
> If you don't pay the correct amount at each quarter, so you fall behind in
> what your estimated payments should be, the IRS surely cares. And this is
> something that takes no human intervention - the computers ding you.


If it ever happens I will let you know. 25 years is coming up in October.



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