If I missed my quarterly payment, how large is the penalty?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

A missed quarterly payment can lead to a penalty that varies based on the amount paid, how late the payment was made, and whether estimated tax rules apply to your situation. In many cases, the IRS looks at the timing of each installment, prior-year tax, withholding, and any payments already made wh 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.