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Get your taxes done using TurboTax
Yes, as long as you pay the tax when due then any interest assessed, should the penalty not be abated, will be on the penalty itself. If the penalty as computed in your case is minuscule, then by all means wait for the IRS to bill you. I am basing my opinion on a large penalty and on a personal editorial note if I can keep the government from getting any more of my money than is required I do so. I do hope you succeed in your abatement request.
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‎February 16, 2023
9:27 AM