How to pay the federal interest penalty.

komocode · ‎October 13, 2021

I filed for an extension on federal and state. I'm now filing my taxes and paying the balance owed (which is fairly large) on federal state.

Question is how do I pay the interest? Will IRS and California send me a bill after I file or do I need to calculate manually the interest on the balance and send along with my tax filing?

DoninGA · ‎October 13, 2021

The IRS and the State will send you a bill in the mail for any penalties and interest owed after they receive the tax returns and your payment.

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Horontax2018 · ‎October 14, 2021

Can I pay by bank account check routing number if I file by the extension date (Oct 15) and E-file to pay income tax with interest (penalties)?

Mike9241 · ‎October 14, 2021

you can use Direct Pay and the reason is balance due. most likely you will not compute the penalty correctly which means you'll either get a refund or a bill.

How to pay the federal interest penalty.

Get your taxes done using TurboTax

Get your taxes done using TurboTax

Get your taxes done using TurboTax