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I forgot to pay my last 2 quarter taxes on my one-person LLC. Do I try to pay it now, or just handle as part of the tax returns?

 
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MindyB
Employee Tax Expert

I forgot to pay my last 2 quarter taxes on my one-person LLC. Do I try to pay it now, or just handle as part of the tax returns?

It depends.  If you plan on filing your tax return now, you can pay with your return. ‌However, if you plan to delay filing, or will be filing an extension, you should make a payment as soon as possible to stop interest from accruing.‌ The IRS calculates interest daily on underpayments.

 

Here is some more information: What Are the IRS Interest Rates for Late Tax Payments or Refunds?

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