Get your taxes done using TurboTax

The penalty is not only based on how much you pay, it also includes the timing.

Annualizing your Income can be used to reduce those penalties. 

Since you had a major portion of your income at the end of the year, you may want to try this alternative.

 As an alternative you can go to the main menu.

1. Select Tax Tools
2. On the drop-down select Tools
3. There will be 4 green boxes
4. Select Topics Search
5. Type Annualizing your income
6. This will bring you to the screen  Underpayment Penalties
7. Continue through the questions and it will be posted to your return.

Please contact us again with any additional questions or to provide some additional details.