Hello, I missed the June filing by a couple of weeks. How strict is the IRS with that? I plan to do the filings on time for September and December.
Jonathan
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If you like, you can still make a June payment but It will count as late payment. You may be charged a penalty (called under payment penalty) even if you are due a refund when you file your income tax return. See below link for more info. about underpayment penalty.
https://www.irs.gov/payments/underpayment-of-estimated-tax-by-individuals-penalty
Hi,
Here is some more info. about reducing or eliminating under payment penalty. You can use annualize method to report total income and total withholding/payments. Annualize method is used when your income fluctuates. See below link for more info.
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