can i make late estimated tax payments?
<answer> Yes, late estimated tax payments will be considered late and will incur a late penalty charge. <context> Penalties are assessed based on the amount of time you are late. The IRS calculates the penalties by dividing the annual interest rate by 365 days. The result is multiplied by the total number of days the estimated tax payment is late. That percentage is used to calculate the amount you will pay in penalties. Penalties owned on estimated taxes must be calculated on IRS Form 2210. If you did not make any estimated tax payments during the year, all four payments will be considered late and will incur a late penalty charge.