Estimated Tax

Posts Tagged ‘Estimated Tax’

if you owe an estimated tax penalty at the end of the year, are you allowed to make payments on it?

angeldust asked:

If I should happen to owe an estimated tax penalty at the end of the year, would I be able to make payments, or does the IRS require the entire payment up front, by a due date? What happens a person does not have the entire amount to pay immediately for an estimated tax penalty? Surely this lovely country won’t throw a person in jail because they can’t shell out an extra 200 or 300 dollars.

Just curious.

Ramon

if you owe taxes at the end of the year, including an estimated tax penalty,does the irs allow a payment plan?

angeldust asked:

I previously asked a question regarding the estimated tax penalty at the end of the year and if the IRS will allow a payment plan. My new question involves owing about $2035 in taxes (I am self employed). If I am not able to pay the full amount,would I be able to make payment arrangements with the IRS or I would only be able to do that with the penalty? I am sure I will be charged a penalty, as I will not be doing the quarterly payments. Thanks.

Eileen

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Posts Tagged ‘Estimated Tax’

if you owe an estimated tax penalty at the end of the year, are you allowed to make payments on it?

if you owe taxes at the end of the year, including an estimated tax penalty,does the irs allow a payment plan?

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