cfcan
Returning Member

Get your taxes done using TurboTax

You seem to be claiming an underpayment penalty increases the later you file a return.  Really?  You mean if you could file today (Feb 25) the penalty is less than it would be if you filed later, let's say Apr 15.  I haven't had to deal with an underpayment penalty before, but I'm very surprised the penalty increases with time before the Apr 15 filing date.  Are you sure?