I don't; just responding to other poster asking about non-quarterly. I set up EFTPS for all quarters and then in early January decide whether to trim/delete Q4 or not. Painless. and works even if I'm dead (which may not be painless).Correct. But why pay earlier than required? Here's what the IRS website says,yep; prepaying the other quarters. Or pay it all at once in April -- that works. Or pay 75% in April and the balance in January should work too, right?You can make semiannual payments without penalty in April and September, but not June and January.I would like to slightly modify this question: How about waiting to make Semiannual tax payments instead of Quarterly?
I would like to hear from someone who has actually tried this and if there were any IRS penalties after filing their taxes?
Thanks
"For estimated tax purposes, the year is divided into four payment periods. Each period has a specific payment due date. If you don't pay enough tax by the due date of each payment period, you may be charged a penalty even if you're due a refund when you file your income tax return at the end of the year."
Statistics: Posted by jebmke — Sat Jul 13, 2024 10:30 am — Replies 13 — Views 363
