Comments on: What To Do When You Have A Late Estimated Tax Payment

By: Carnival of Personal Finance #263 – Upstate Edition

Carnival of Personal Finance #263 – Upstate Edition — Mon, 28 Jun 2010 11:34:00 +0000

[...] Ford from Money Help For Christians presents What To Do When You Have A Late Estimated Tax Payment, and says, “A how to guide for those who forgot to make their estimated tax [...]

By: Carnival of Money Stories: Spending Wisely Edition | Sweating The Big Stuff - Spending Wisely

Mon, 28 Jun 2010 10:44:12 +0000

[...] Ford presents What To Do When You Have A Late Estimated Tax Payment posted at Money Help For Christians. Better late than never, right? In this story we learn that [...]

By: Peter

Peter — Fri, 25 Jun 2010 17:12:09 +0000

My lawyer is sending you a cease and desist as we speak.haha.. just kidding. No i only mentioned it because it’s pretty likely that the article that you wrote was MUCH better.

By: Craig

Craig — Tue, 22 Jun 2010 22:13:56 +0000

@Mike
Sounds like Google Calendar is the tool of choice!

By: Craig

Craig — Tue, 22 Jun 2010 22:06:32 +0000

Peter,
That is so funny, I should have checked. Sorry I tried to take credit for your article. Can I be sued for that? I sure hope I haven’t done anything to upset you lately.
I have updated my article so it no longer says that I wrote that post!

By: Peter

Peter — Tue, 22 Jun 2010 21:12:28 +0000

I’ve got a reminder set in my google calendar that sends me an email to remind me when the estimated tax payment is coming due. It works pretty well – although – even with that I sometimes ignore it and then forget until the last moment. Proud to say i haven’t missed one yet, but I can see how it would be easy to forget!

By the way, the one you linked to was written by me. the one you wrote can be found here:

Important Tax Rules For The Self Employed: Payments Are Coming Due!

By: Mike Piper

Mike Piper — Tue, 22 Jun 2010 19:39:41 +0000

Excellent advice. I use Google Calendar to help me keep on top of mine.

One thing to add: Withholding from wages/salary is treated as if it was done evenly throughout the year — even if it wasn’t. So if you or your spouse have a “normal job” and you were a bit late on an estimated tax payment, adjusting your withholding upward for the remainder of the year (done by filling out a new W-4 with the HR dept of your employer) can help to avoid interest/penalty.