I didn’t make my quarterly tax payment on time, what’s the penalty?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

Missing a quarterly tax payment can lead to penalties and interest, but the amount often depends on the tax type, how late the payment was, and whether any estimated payments were already made during the year. In many cases, the IRS also looks at overall withholding, prior-year tax, and whether the  For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.