what is penalty not filing quarterly?

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what is penalty not filing quarterly?

If I pay lump sum after 1st of year what is the penalty for not paying quarterly?

2006-09-13 14:28:02 · 2 answers · asked by moonwalker 3 in Business & Finance ➔ Taxes ➔ United States

2 answers

You will be required to pay interest on the amount you owed at a bare minimum for the full year.

2006-09-13 14:33:13 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Lots more info would be needed. See www.IRS.gov publication 505 and form 1040 ES instruction. You can also email questions. Go to their site map then down to help with tax questions.

Good luck.

2006-09-13 22:41:54 · answer #2 · answered by Ellie 2 · 0⤊ 0⤋