Hello,
I am getting a notice from the IRS stating I didn't pay enough taxes due for the year with my quarterly estimated tax payments. When filing with Turbotax in February I did not see any line stating a penalty amount so I am surprised to see this. Second, I did not work a full 12 months last year so my income is actually less than prior years and what I owed in federal taxes was very high. I am trying to understand why this might be? Is it possible this was miscalculated? I do have some dividends and interest income. Do I just pay this? Can I submit for correction or abatement?
