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A comment on Handcuffed to Uber. Parent comment

Re:Handcuffed to Uber by throwaway_exer on Sunday May 01, 2016 @09:49PM (#11608762)
The IRS will say that you "owe" quarterly, but there's no penalty for not doing so.
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Re:Handcuffed to Uber by scurvy on Sunday May 01, 2016 @10:15PM (#11608849)
It's a 3% penalty on the difference between what you owe and what you've paid. It's a pretty minor amount, but there is a penalty.

http://www.inman.com/2012/06/08/dont-sweat-quarterly-tax-dea...

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Re:Handcuffed to Uber by phamilton on Monday May 02, 2016 @01:53AM (#11609415)
If the difference is less than $1000 or if you withheld more this year than you owed last year or if you withheld 90% of your total bill, there is no penalty.
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