NNGAL,
I presume you were directing the question at me, but the way this site works, that is not exactly clear.
You wrote:
So how did this turn out? I went ahead and paid the amount requested on the audit letter for FY 2021 other than penalty. Waiting to see what happens next.
My response:
Perhaps because I self reported the TT error by simply stating on my amended return "I determined I was not entitled to the AMT credit" that the IRS chose not to impose any penalty. I paid the tax TT calculated for the years I amended (2019-2021 inclusive) with the amended returns and then received letters for interest due for each year. I had no communication with the IRS involving penalties.
