I missed calculated my estimates taxes and found I underpaid significantly.

Whatsupdoc · ‎January 25, 2021

Should I go ahead and pay extra estimated taxes for 2020 using EFTPS to minimize interest and penalties?

I can't file my taxes now as I am waiting on brokerage statements.

MinhT1 · ‎January 25, 2021

It is too late to pay estimated taxes now as any payments made after 01/15/2021 (and before 04/15/2021) will be counted as paid on 04/15/2021 by the IRS. You should file your tax return and pay any tax due (and any underpayment penalty) by 04/15/2021.

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MinhT1 · ‎January 25, 2021

It is too late to pay estimated taxes now as any payments made after 01/15/2021 (and before 04/15/2021) will be counted as paid on 04/15/2021 by the IRS. You should file your tax return and pay any tax due (and any underpayment penalty) by 04/15/2021.

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

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I missed calculated my estimates taxes and found I underpaid significantly.