What happens if i don’t pay the estimated tax or miss the tax payment?

What happens if i don’t pay the estimated tax or miss the tax payment?

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Hello Maddy,

There is no big deal, if you forget to pay the estimated tax or miss the tax payment. Just do what i say, you are liable to a penalty that is extremely nominal; you wish to pay around 6-8% annually on your tax. as an example, you owed $100 in taxes and lost the quarterly tax payment then you would like to pay $8 in penalties at the year’s finish.

If you also confused, Contact QuickBooks Payroll Support and get instant help.

Answered on July 18, 2017.
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