- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
The IRS’ computer program that processes tax returns has a computation for underpayment penalties built into it.
If you owe more or less of a penalty than the IRS’ system computes, you’ll receive a notice and a refund (or bill, as the case may be) reflecting the IRS’ computation.
You should wait to see if this occurs before worrying about an amended return.
February 22, 2022
8:08 AM