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Additional tax owed?

Hi,

I did my '23 taxes with TurboTax.  I did a large Roth conversion in Dec and I owed a penalty.  I used TT to figure the penalty using the annualized income method.  I paid what it said I owed on April 12.  The just recently cashed my check.  I went to the IRS website and it said I have an outstanding balance of $27...????  Will I get some form of notification that says I still owe this amount and why they believe I owe this amount?

 

Thank you!

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2 Replies

Additional tax owed?

The TT program computes an ESTIMATED underpayment penalty based on the info you entered in the interview however the fed/state reserve the right to assess a penalty/interest   based on the info they have on file for you and bill you for the difference ... pay the bill when it arrives. 

Additional tax owed?

So... they will send me a bill...  hopefully there will be their reason why.

Thanks!

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