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Get your taxes done using TurboTax
There is no way to know what the penalties or interest on the unpaid taxes will be until you have paid the taxes owed. The IRS and State will send a bill in the mail for any penalties and interest owed after they receive the payment.
See this IRS website for penalties and interest - https://www.irs.gov/businesses/small-businesses-self-employed/understanding-penalties-and-interest
There are no penalties or interest if the tax return is being filed with a tax refund or no taxes owed.
‎October 3, 2020
10:27 AM