Kat
Level 15
Level 15

Get your taxes done using TurboTax

@crimson91 I don't know the answer for certain, but my bet is that the penalties accrue for each day you are late to make payment.  I mean, it's the IRS.  They aren't known for being generous about things like this.

 

 

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***