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

[bwa · Accepted solution]

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.

[Anonymous]

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

[Papoon]

<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.

[nuxclass]

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?

[chrissnyder]

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