Received letter from IRS....,' you miscalculated estimated tax penalty...' including check for THE FULL AMOUNT TTX CALCULATED AS THE PENALTY. Therefore, no penalty was due, but TTX added a penalty. It further says'... in a disaster area, addition time...may be granted...' I did not apply for any disaster allowance although we are in a recognized 'disaster area'.
Is that why the penalty was refunded?
Significant income is reported from RMD accounts. I understand that greatly affects, and may eliminate, estimated tax penalties. How do I know which it is, and how to approach estimated tax payments in 2025?
Thanks
