I was assessed a penalty (1040-SR line 38) of $436, even though I paid quarterly and overpaid for the year by over $8000. That is not fair. Did I overlook something in TT? Can this be corrected? I am self-employed and my income is not steady. The "safe harbor" rule I've heard about is unrealistic, saying my income has to be the same or higher every year or I have to pay a penalty. My estimated payments are based on my actual income in a quarter.
Thank you.
Stan Hendryx
Sunnyvale, California
