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Estimated quarterly taxes?

Posted on 4/15/13 at 7:56 pm
Posted by saderade
America's City
Member since Jul 2005
25730 posts
Posted on 4/15/13 at 7:56 pm
Sign all the stuff at our CPA today and this is included in the paperwork. No one made mention of it while we were there. Evidently the first payment is due today? Is this mandatory and if so what would a penalty be if I don't go to the post office in downtown New Orleans
Posted by GaryMyMan
Shreveport
Member since May 2007
13498 posts
Posted on 4/15/13 at 9:10 pm to
I am in the same boat; I'm just doubling up and paying 2 quarters when the next one is due. I didn't pay quarterly for 2012 and didn't have a penalty.
Posted by Bayou Tiger
Member since Nov 2003
3657 posts
Posted on 4/15/13 at 9:17 pm to
Turbotax spit those out for me too, but I just adjusted my witholdings to avoid penalties next year. But my income is primarily W2.
Posted by rintintin
Life is Life
Member since Nov 2008
16157 posts
Posted on 4/15/13 at 9:21 pm to
I didn't pay quarterly and my penalty was like $79
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