I can’t pay estimated taxes by the estimated taxes deadline of Jan. 15. Is it possible to postpone or extend the deadline without being subject to penalties and interest payments — what are my options?
You can postpone the quarterly Jan. 15 estimated tax payment until Feb. 1, 20CY if you file your return and make any necessary payments by that date. If you can’t make an estimated payment, you might be subject to a penalty with interest.
You might owe a penalty if the total of withholding and estimated tax payments you made didn’t equal at least the smaller of:
- 90% of your 2017 tax
- 100% of your 2016 tax (Your 2016 return must cover a 12-month period.)
Learn more about IRS Letter 3666C, why you received the letter, and what it means for you with help from the tax experts at H&R Block.
The IRS will usually audit a tax return within three years after the return was filed. Learn more about IRS audit procedures from the experts at H&R Block.
All or a portion of your tax refund was taken to pay non-tax debt. Learn more about IRS letter 3179C from the tax experts at H&R Block.
Your excess estimated tax payments have been released and a refund will be sent to you. Learn more about IRS notice CP17 from the tax experts at H&R Block.