TT calculated a $46 penalty for underpayment of federal taxes. The feds sent me a letter saying I owed over $160, so I still owe $123. Not a big deal, and I understand that I can report income quarterly over the year, but I prefer to just pay the penalty than to have to get that precise with my info, plus I tend to start payments in the May/June timeframe, so I don't have an issue with the penalty. However, I enter all my information into TT including the dates of my estimated tax payments and go with the penalty calculated by TT, so I don't understand why TT would not be calculating this correctly. I trust TT and have used it for at least 15 years now, and this is the first time I've had a calculation corrected by the feds. Going forward, now I can't trust that the penalty is being calculated correctly by TT. Suggestions? Thanks. And by the way, I think TT is one of the best software applications anywhere, and has been for a long time.
