Hi @County_Mayo When you filed and paid did you just pay the tax due on your return or did you also pay the penalty separate? The penalty was already included in the tax due or reduced a refund. If you notice on 1040 line 38 it is an Estimated tax penalty. The IRS can refigure it and send you a refund or a bill for more.
If you get a penalty on 1040 line 38, you might be able to eliminate it or at least reduce it. You can go to Federal Taxes tab or Personal tab, under Other Tax Situations and select Start by the Underpayment Penalties. You will answer a series of questions that may reduce or eliminate the penalty. Or you can elect to have the IRS figure the penalty for you. It's form 2210.
It's under
Federal or Personal (for Home & Business Desktop)
Other Tax Situations
Additional Tax Payments
Underpayment Penalties - Click the Start or update button
