Does IRS also charge interest if you owe 19.00 estimated tax penalty? Got a bill from them for 105.40 for interest
1076.00 tax due 19.00 estimated tax penalty total paid on time-filed on time with check 1095.00 now they sent a cp14 stating I owe 105.40 in interest. Is this correct?
01260
1 Replies
Mike9241
Level 15
Oct 27, 2023 4:25:49 PM
if paid by the due date, there is no interest charged. the IRS within 6 weeks should send you a explanatory notice,. if not call them.
interest is charged when there is a late filing with a blance due or a late payment even if timely filed..