![]() ![]() ![]() Or you can elect to have the IRS figure the penalty for you. You will answer a series of questions that may reduce or eliminate the penalty. You can go to Federal Taxes tab or Personal tab, under Other Tax Situations and select Start by the Underpayment Penalties. You might be able to eliminate it or at least reduce it. Unduh lalu gunakan Irs Forms And Publications 1040 Sr jenis terupdate full version cuma di wesbite, tempatnya aplikasi, game, tutorial dan berita seputar android terpopuler. It is included in your tax due or reduces your refund. Generally, most taxpayers will avoid this penalty if they owe less than $1,000 in tax after subtracting their withholdings and credits, or if they paid at least 90% of the tax for the current year, or 100% of the tax shown on the return for the prior year, whichever is smaller. Even if you are getting a refund you can still owe a penalty for not paying in evenly during the year. If you do not pay enough tax, you may have to pay a penalty for underpayment of estimated tax. Regarding the underpayment penalty on 1040 line 24. Perhaps whoever thought up the logistics of how that setup works -perhaps they should be getting the penalties with interest! But now, I can't easily reference IRS, to attempt GIVING THEM money, all because I have no debt. I'm middle-aged and went to great lengths to pay off all loans/debt, so debt wouldn't follow and cripple me later on into retirement. ![]() ![]() Turns out that I can't, but for the dumbest reason possible - because I'm *overly* financially-responsible! To verify you're you, it wants either SS#/Tax ID & one of the following: credit card (none of my bank debit cards work, and has a note saying that most debits won't), car loan policy#, student loan policy#, home-finance policy# (oddly no option for driver's license, etc). Same happened here, as the post ( ) stating selected payment plan, been waiting for money to come out, then other day get the letter stating two or so weeks to pay (by Oct 7) or it's going to start racking up interest and penalties!Įven worse, I compared the statement against my TurboTax return, and IRS has *already* attached some penaly fees! So, yet again, pandemic cripples country, and we the people are getting penalized for it due to impact delays?įurther bizarre I tried to setup an online IRS account, to check what's going on. ![]()
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