Thank you!
I've estimated what the quarterly payments should have been according to 2019 Form 1040-ES. It comes out to 1/4 of line 14a.
Do you know what impact to the penalty interest it would be if my Jan 15 payment is:
A. 1/4 of line 14a
B. Total amount of 14a
C. Remaining estimated taxes owed from line 14b (greater than 14a)
I'm assuming the interest will still accrue until all taxes owed are paid off and therefore option C from above should be paid to stop the interest from accruing?
