DianeW777
Expert Alumni

Get your taxes done using TurboTax

Yes, you will have a penalty simply because you made a payment late. Estimates had to paid evenly or you would have been considered as paying late since you missed a payment period, or two. This is a factor even if your payment before January was enough to cover the 110%.  The IRS is required to collect the money when it's earned as well as interest and penalty if paid late.

 

@disilvios1 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"