jasonloo
New Member

Tax penalty

Is there a way I can exclude the underpayment penalty from the tax due (to IRS on the Federal return)? I wanted to just pay them the amount owed, and let IRS figure out the penalty and bill me later. But when completing the turbotax worksheets, the amount owed that keeps showing up on top of the screen already includes the penalty. I wonder if (and how) I can manually back that out, if possible. Thank you..