Re: If I have to pay my taxes late...
Make sure that you file your tax return even if you can't pay all that's due. Many people make the mistake of not filing and the penalties will start to add up very quickly if you don't file. File the return. Pay what you can with it and then pay the remainder as quickly as possible. I believe late payment penalty is 1/2% per month plus interest. Pay this balance before any estimates for next year.
BTW, to the poster who said to google, google's great but people with experience are better.
|