Wednesday Tax Tip #21 - Estimated Payments

If you forgot to mail your 2nd quarter estimated payment to the feds or the state, now is a good time to get those in, albeit late.

Like all payments in the government, late payments are better than no payments. In the case of estimated payments, a late payment penalty may be assessed for what amounts to interest from the time the payment was due to the time it was actually received.

So minimize any penalty and get those payments in ASAP.