I haven't paid my quarterly estimated taxes all year because I forgot, what exactly happens when I file my tax return in April?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

Filing a return after skipping quarterly estimated payments often brings a few moving parts together at once. The final tax return may show a balance due, and the IRS may also assess an underpayment charge that depends on the amount owed, the timing of the missing payments, and whether enough tax wa 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.