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The IRS notified me that I underpaid by $49 for the year 2022. They've assessed $904 in penalties and $142 in interest, bringing my total to $1,097 owed. Is this normal?
It seems unfair, or abnormal, that such a small amount, notified over a year later, would result in such high penalties.
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‎June 24, 2023
10:49 AM