Hello All: I think I may be in the same boat here...a few days ago, I received a notice from the IRS stating that my 2020 form 1040 had been changed due to a "miscalculation on your 2020 form 1040, which affects the following area of your return: Recovery Rebate Credit. We changed your return to correct this error. As a result, you owe $9.74." In the "billing summary" section of the letter, it's clear that "payments you made" was $6.26 *more* than "tax you owed," yet I'm being assessed a $16 failure to pay proper estimated tax penalty. Less the $6.26 I *overpaid* and I now owe $9.74 (16 minus 6.26). Is this right? My total taxes paid was MORE than what I owed, but I'm still being penalized?
