Paid My quarterly taxes late

[ChipLeeder]

The penalty for late payment of estimated tax currently is 8% on an annual basis..it is similar to a nondeductible 8% loan for most...no biggie if a few days late

[Grasshopp3r]

My wife would plead for her clients if they got penalties for being a few days late. So long as they were not repeat offenders, they just got off with a warning. I would just let sleeping dogs lie until they send you a notice.

Good luck.

[dlk9s]

I paid my state quarterlies a week late this summer because for some reason I thought I had paid them all up front. I actually called the state department of revenue to ask if I need to pay penalties or anything and they said that if I do, I will be notified.

I haven't been notified.

Don't know if it works the same way with the feds, but I'm guessing it's similar.

[DoGGz]

I paid my IL like 5 days late and got a letter requesting $14 late fee. I wouldn't bother notifying.

[707782]

If poker is your only source of imcome, you have to pay tax quarterly? not yearly?

[1p0kerboy]

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[mo42nyy]

i came on here to post the same question
glad im not the only one