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I received an estimated tax penalty on my return. My June estimated tax payment was 21 days late. I overpaid my total estimated taxes. Why am I receiving a penalty?
It is my understanding that the IRS does not penalize you for overpaying your estimated taxes. Is it possible that the penalty is for the late payment of 21 days for my June estimated tax payment?
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‎April 13, 2025
10:57 AM