Remember, estimated tax payment is also due on April 18.
April 5, 2022
Remember, estimated tax payment is also due on April 18. The first 2022 estimated tax payment for individuals and most other calendar year entities is also due on April 18, 2022. The penalties for late payment of estimated taxes are computed as simple interest, but the interest rate has been increasing. The federal estimated payment…
What if you don’t have the money to pay the tax?
April 5, 2022
What if you don’t have the money to pay the tax? The IRS will allow you to file an extension without paying the tax. You are still required to include an estimate of the tax due on the form. (The extension will not be accepted without this amount being entered.) The late filing penalty will…
