Is there a penalty for being 1 week late with your 3rd quarter estimated payment?
Yes, but it's very minor. An estimated tax penalty for 1 week would approximate .000577 of the amount of the late payment. E.g,, on a late payment of $500 it would be $0.29.
Is there a penalty for being 1 week late with your 3rd quarter estimated payment?
Yes, but it's very minor. An estimated tax penalty for 1 week would approximate .000577 of the amount of the late payment. E.g,, on a late payment of $500 it would be $0.29.
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