payment of underpayment penalty

I paid an underpayment penalty for underpaying estimated taxes. Should I input that payment when filing form 1040X? Thanks.

posted

Connect with an expert

1 Best answer

Accepted Solutions

No. The underpayment penalty is not included as part of any tax payments you have already paid.

1 Reply

No. The underpayment penalty is not included as part of any tax payments you have already paid.

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.