On Sunday, July 19, 2015 at 6:56:14 PM UTC-4, taxed and spent wrote:
> "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.