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If I didn't pay Estimated Taxes for a quarter, and I haven't filed my 2021 tax return, do penalties keeping increasing until I file?
I didn't pay my 1/15/22 Estimated Taxes for the 2021 tax year, and I missed the tax return deadline (4/18/22). Do penalties for missing an Estimated Tax payment keeping increasing until I file my taxes for the tax year? I I don't know if I owe a payment or get a refund for 2021.
How much are the penalties? It's hard to find an answer to that.
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‎June 16, 2022
9:30 AM