JohnB5677
Expert Alumni

Get your taxes done using TurboTax

Based on what you said the numbers do appear to be reversed.  I'm not going to try to figure that out.

 

Did you pay $5,000 to the IRS at some point already?

If you did and your tax liability is $3,200 there will not be a problem.  The IRS is not looking for that money right now.  However, when you complete your tax return it will determine if you have a refund or you owe additional taxes.  If you do owe additional taxes you may owe penalties and interest.

 

The extension calculation is a heads up for you to pay off any balance before those penalties and interest grow.

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