04-04-2008, 02:09 PM
| |||
| |||
 Re: Any harm to paying Estimated Taxes a little late? On Apr 4, 6:44*am, "Jessica" <Jess...[at]yahoo.com> wrote: - quote - > I will be running into a cash flow problem on 4/15 and won't be able to pay > my estimated taxes. *Does paying them 2 weeks late make much difference, or > is it just 2 weeks of interest at 8% on the amount paid? > -- > << ------------------------------------------------------- > > << The foregoing was not intended or written to be used, * > > << nor can it used, for the purpose of avoiding penalties *> > << that may be imposed upon the taxpayer. * * * * * * * * *> > << * * * * * * * * * * * * * * * * * * * * * * * * * * * * > > << * The Charter and the Guidelines for submitting posts * > > << *to this newsgroup as well as our anti-spamming policy *> > << * * * * * * * * *are atwww.asktax.org. * * * * * * * * > > << * * * * Copyright (2007) - All rights reserved. * * * * > > << ------------------------------------------------------- > YOu are correct. 8% simple interest -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
|
#-1
04-04-2008, 11:44 AM
| |||
| |||
| Any harm to paying Estimated Taxes a little late? I will be running into a cash flow problem on 4/15 and won't be able to pay my estimated taxes. Does paying them 2 weeks late make much difference, or is it just 2 weeks of interest at 8% on the amount paid? -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
| Tags |
| estimated, harm, late, paying, taxes |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Paying late taxes while living abroad coolali_5@yahoo.com: Dear All, I am a Green Card holder living outside US for the past two years and half. Thanks to this newsgroup I just came to realize that I needed... | Taxes | 4 | 02-01-2008 11:54 AM | |
| Penalties for not paying estimated taxes? Geoff: Last year my son had $6,467 of income and paid $212 in tax. This year he will, unexpectedly, have income of $200,000. He did not make 1Q estimated... | Taxes | 6 | 06-05-2007 07:20 PM | |
| Paying Estimated Taxes mark212: I was on hold with the IRS for 35 minutes today and finally gave up. All I wanted to know is if I could pay my estimated tax quarterly bill due... | Taxes | 11 | 09-10-2006 12:20 PM | |
| Pay Estimated Taxes Late? DaveR: I just realized I should be making estimated tax payments, because I received some unemployment this year and also have some consulting income from... | Taxes | 6 | 12-15-2003 03:01 PM | |
| Re: Start Paying Estimated Taxes Now? Bill: Dave posted: > I was recently layed off from my full-time (W-2) > job. My income for the remainder of the year > will likely come from a... | Taxes | 3 | 07-28-2003 09:09 PM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
