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null13
New Member

I have under withheld by more than 15% and made no estimated tax payments throughout the year. Can I file a 4th quarter estimated tax payment to make up the difference?

 
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Carl
Level 15

I have under withheld by more than 15% and made no estimated tax payments throughout the year. Can I file a 4th quarter estimated tax payment to make up the difference?

yes! Do it NOW! TODAY! That way, you will only be paying penalties for being late the first three quarters. You should pay your expected tax liability at a minimum, in FULL for the 2016 tax year. I myself always overpay, so that I'm guaranteed a refund every year, and will NEVER owe, or EVER have any underpayment penalties.

To pay your tax liability now, just go to https://directpay.irs.gov/directpay/payment?execution=e1s1 and do it there.

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