- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Excessive MN Underpayment Penalty Calculated by TT
TT says I owe underpayment penalty to IRS of $269 even though my liability is only $1,000. TT is clearly miscalculating the penalty so I requested a waiver of that one. It is doing the same thing for the State of MN though. I owe $476 to State of MN for 2023 taxes and TT claims my underpayment penalty is $130. That does not make any sense either. Is there anyway to request a waiver of the state penalty without having to mail it in?
March 1, 2024
3:18 PM