@dmertz @DanaB27
1. I have a $1800 tax refund credit balance on my account for 2020. Will the IRS deduct the 2020 Form 5329 6% additional tax from this credit balance or should I make a separate payment to IRS?
2. I have received the full tax refund for 2021 and there is no credit balance for 2021. Should I make a separate payment for 2021 Form 5329 6% additional tax or will IRS use the 2020 credit balance to deduct this amount as well?
