Only the IRS calculates the late filing penalty and interest owed---based on how much you owed, when they receive your return and how much you pay at the time you file the return. TT does not calculate the late filing penalty or interest since TT has no way to know when the return will be received/accepted by the IRS or if your payment of tax due was made.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
