I got a notice from state for the following:
$xxx.xx (Interest for paying the tax after the due date)
$xxx.xx
I am wondering why did TT desktop premier edition not give me this calcualtion in the amount owed while filing the taxes ?
Is that something that is covered by TT tax Software calculation guarantee?
Thanks
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TurboTax does not calculate the late filing penalties or interest you will owe to the IRS or to the state when you file a tax return past the deadline. The penalties and interest are calculated by the IRS/state and you are billed after the IRS or state receives your return and your payment for the amount of tax due as shown on the tax form.
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