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re: What happens if you don't pay your taxes quarterly?
Posted on 7/11/13 at 12:44 pm to ThaBigFella
Posted on 7/11/13 at 12:44 pm to ThaBigFella
There is a fee. I don't think it's flat. I started self employment last september and didn't pay anything until january this year. I was late but they didn't access the fee because my income was close to the prevoius year. At least that's what h and r block told me.
Posted on 7/11/13 at 1:00 pm to man117
FWIW i owe well in excess of $1k/quarter and that seems to be the number i've read is the limit to not worry about if you're under.
I also read another piece that said as long as it's paid by the end of the year the IRS doesn't mind bc some businesses are seasonal
I also read another piece that said as long as it's paid by the end of the year the IRS doesn't mind bc some businesses are seasonal
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