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There is an underpayment penalty that may be imposed if you owe more than $1,000 in tax for the current year, which is most likely the penalty that is imposed on your return as it was filed in a timely manner.
Exceptions to the underpayment penalty are:
If you meet one of these exceptions to the underpayment penalty, you can provide the information in the Other Tax Situations section. To get to this screen quickly:
There is an underpayment penalty that may be imposed if you owe more than $1,000 in tax for the current year, which is most likely the penalty that is imposed on your return as it was filed in a timely manner.
Exceptions to the underpayment penalty are:
If you meet one of these exceptions to the underpayment penalty, you can provide the information in the Other Tax Situations section. To get to this screen quickly:
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