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After you file
The TT program will calculate an estimated underpayment penalty but only the IRS/state can bill you for the actual underpayment penalty + interest + a possible failure to file penalty if you don't file timely. Don't try to calculate it yourself. The penalty/interest calculations start when they get your payment so paying online at the IRS or STATE websites is the best way to pay to stop the bleeding.
‎January 4, 2023
11:41 AM
1,333 Views