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What is the penalty for late-filing of 1040-es payment

 
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Alumni bwa
Alumni

What is the penalty for late-filing of 1040-es payment

The estimated tax penalty is variable and approximates 4%, but only for the period of the underpayment.  For example, the penalty on $1,000 paid 30 days late would be 4% x $1,000 x 30/365 or $3.28.

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Alumni bwa
Alumni

What is the penalty for late-filing of 1040-es payment

The estimated tax penalty is variable and approximates 4%, but only for the period of the underpayment.  For example, the penalty on $1,000 paid 30 days late would be 4% x $1,000 x 30/365 or $3.28.

View solution in original post

New Member

What is the penalty for late-filing of 1040-es payment

Could you add a link to the IRS.gov page that explains what late fee to pay?
New Member

What is the penalty for late-filing of 1040-es payment

<a rel="nofollow" target="_blank" href="https://www.irs.gov/taxtopics/tc306.html">https://www.irs.gov/taxtopics/tc306.html</a> which then links to the (more confusing than usual for tax forms) Form 2210.
New Member

What is the penalty for late-filing of 1040-es payment

How do we know if we are late? Each quarter they are checking the witholding? What does it work if it's joint filling with another W2?
New Member

What is the penalty for late-filing of 1040-es payment

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