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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?


"Kalmia" > wrote in message
...
> On Tuesday, July 21, 2015 at 2:22:20 PM UTC-4, taxed and spent wrote:
>> "JRStern" > 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.
>> >
>> > They don't seem to care just so it's all in by Jan 15.

>>
>> Preposterous, as a general proposition. You must hit your quarterly
>> payments on time and in their full amounts, or you are subject to
>> penalties.

>
> Your answer makes the most sense. I am SURE they don't want ppl floating
> along and then zinging in a big payt on Jan 15th, anymore than a landlord
> will let someone live there for a year, and pay no rent until they fork
> over 12 months worth. Right?


Wrong. What is the big deal here? You asked what would happen and several
people with decades of experience said the exact same thing. What will
happen is exactly nothing at all.

> I pay a bit MORE than I am likely to owe come April 15th and usually get
> a smallish refund.


Keep that number small because the IRS does not pay interest.



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