@cachu the info you provided is not sufficient to determine if you owe the penalty. to further explain under either test withholding and timely estimated tax payments for each period needed to be 1/4th of the required amount
the periods are 1/1-3/31, 4/1-5/31, 6/1-8/31, 9/1-12/31
to get full explanation of why the IRS charged you a penalty only the IRS can answer that. you'll have to call them or make an appointment to stop in at a local IRS office if one is conveniently located
Call 800-829-1040
- Choose your language,
- Then choose option 2
- Then 1
- Then 3
- Then 2
- When it asks you to enter your SSN or EIN do nothing – wait - - After it asks twice, you will get another menu
- Then 2
- Then 3
It should then transfer you to an agent. Note when its phone line are busy you may be on hold for a long while or disconnected
