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Employee
June 1, 2019
Solved

Is there a penalty for being 1 week late with your 3rd quarter estimated payment?

  • June 1, 2019
  • 1 reply
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If my 3rd quarterly payment is postmarked Sept 19 instead of Sept 15, what does the IRS do?

Best answer by bwa

Yes, but it's very minor.  An estimated tax penalty for 1 week would approximate .000577 of the amount of the late payment.  E.g,, on a late payment of $500 it would be $0.29.

1 reply

bwaAnswer
Employee
June 1, 2019

Yes, but it's very minor.  An estimated tax penalty for 1 week would approximate .000577 of the amount of the late payment.  E.g,, on a late payment of $500 it would be $0.29.