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Get your taxes done using TurboTax
First, you will want to make an estimated payment before January 15, as indicated.
Second, my suggestion is that if TurboTax suggests that you owe a penalty and offers to calculate the penalty, you should decline it. Wait and see if the IRS actually bill you for a penalty. If they do, you can apply for an abatement or a waiver for cause, or if this is the first time you have owed a penalty. If you voluntarily pay the penalty with your tax return, it’s much harder to ask for the abatement later.
December 7, 2023
8:03 PM