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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
...
>
> "Ed Pawlowski" > wrote in message
> ...
>> On 7/19/2015 4:06 PM, Paul M. Cook wrote:
>>> "Ed Pawlowski" > wrote in message
>>> ...
>>>> On 7/18/2015 7:20 PM, 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.
>>>>>
>>>>
>>>> Small amounts for a couple of weeks may be overlooked. Legally, they
>>>> can
>>>> charge the going rate for interest for every day late. That happens
>>>> when
>>>> you miss completely.
>>>
>>> No it does not. The clock starts when you file.
>>>

>>
>>
>> Right, but they usually don't do it unless you don't file.
>>

>
> Where do you get your information? If you file and don't pay, you will
> get a penalty and interest.
>
> If you fall behind in your quarterly estimated payments, you will get
> penalized.
>

The IRS does not go year to year. They only care about *this* filing year.
So long as you paid up you'r egood to go. What could happen is that if your
payments are very large then you might get a letter telling you to tighten
it up.

> Two weeks may not sound like much to the tax experts on a cooking group,
> but it is easy pickings for the IRS computers.


Absolutely nothing to be concerned with.



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