It's been a busy year and I've been transitioning from having an accountant prepare my taxes to doing them on my own. Through everything going on in 2023 I neglected to make my Federal & State (CA) quarterly estimated payments. On 01/16 final payments are due for Fed & State. At this point should I:
A.) not bother making those final payments and wait to hear from the IRS & FTB about what I owe (including penalties) and then settle up
B.) make a payment to Fed & State that covers ALL PAYMENTS I should have made throughout the year and then wait to hear back re: penalties
C.) just pay what is due by 01/16 for that final installment and wait to hear back about the earlier missed payments
D.) do something else
Just looking to resolve this as simply as possible with minimal repercussions.
Thank-you.
A.) not bother making those final payments and wait to hear from the IRS & FTB about what I owe (including penalties) and then settle up
B.) make a payment to Fed & State that covers ALL PAYMENTS I should have made throughout the year and then wait to hear back re: penalties
C.) just pay what is due by 01/16 for that final installment and wait to hear back about the earlier missed payments
D.) do something else
Just looking to resolve this as simply as possible with minimal repercussions.
Thank-you.
Statistics: Posted by DelMar — Thu Jan 04, 2024 1:43 pm — Replies 4 — Views 250
