Quarterly Payments Estimated Too High

[andrew_johansen]

Thanks for your time.

Let's say you're having an off year in business and realize the amount you estimated for the quarterly payments using 1040-ES is now too high...

If you're short on the quarterly payments but are able to file all the taxes owed by the 15th of April, will you incur any fees/interest/penalties?

[Critter-3]

The estimated payments can be changed at any time so if you have overpaid then stop or reduce the rest of the payments for the year whatever works ... the IRS is not expecting any certain amount at any particular time so adjust at will.