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For the underpayment penalty you can elect to to treat the tax withheld as paid when it was actually withheld. I don't understand?
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June 3, 2019
10:12 AM
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Retirement tax questions
The best thing to do is to decline Turbotax's offer to calculate a penalty, and let the IRS send you a bill after you pay the taxes. The calculation is almost always off by a few dollars and you end up getting a bill anyway.
Plus, when you get the bill, you can apply for an abatement if it is your first time. (Interest can't be abated, though.)
June 3, 2019
10:12 AM
4,788 Views