Get your taxes done using TurboTax

The IRS does not acknowledge payments. 

 

The underpayment penalty is not a separate payment - it just adds to the overall tax you must pay for the year or subtract from your refund.   You will find that on  your 1040 form line 38.

 

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**