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Get your taxes done using TurboTax
TurboTax does not and cannot calculate any tax return filing late or late payment penalties on a tax return.
The Underpayment of Estimated Tax by Individuals Penalty is based on the amount of tax payments made during the tax year and the timeliness of the payments made for the current tax year.
It has nothing to do with when the tax return filed or when a payment for taxes owed is paid.
IRS website - https://www.irs.gov/payments/underpayment-of-estimated-tax-by-individuals-penalty
May 15, 2023
3:31 PM