I missed the deadline to make a quarterly payment, how big is the penalty?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

Missing a quarterly payment can lead to an underpayment penalty, but the amount often depends on the tax type involved, the size of the missed payment, and how long the balance remains unpaid. For many taxpayers, the calculation also reflects whether estimated payments were made earlier in the year  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.