topic For the underpayment penalty you can elect to to treat the tax withheld as paid when it was actually withheld. I don't understand? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/for-the-underpayment-penalty-you-can-elect-to-to-treat-the-tax-withheld-as-paid-when-it-was-actually/01/278005#M23527 Mon, 03 Jun 2019 17:12:32 GMT g3wallace 2019-06-03T17:12:32Z For the underpayment penalty you can elect to to treat the tax withheld as paid when it was actually withheld. I don't understand? https://ttlc.intuit.com/community/retirement/discussion/for-the-underpayment-penalty-you-can-elect-to-to-treat-the-tax-withheld-as-paid-when-it-was-actually/01/278005#M23527 Mon, 03 Jun 2019 17:12:32 GMT https://ttlc.intuit.com/community/retirement/discussion/for-the-underpayment-penalty-you-can-elect-to-to-treat-the-tax-withheld-as-paid-when-it-was-actually/01/278005#M23527 g3wallace 2019-06-03T17:12:32Z The best thing to do is to decline Turbotax's offer to ca... https://ttlc.intuit.com/community/retirement/discussion/the-best-thing-to-do-is-to-decline-turbotax-s-offer-to-ca/01/278012#M23529 <P>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. &nbsp;The calculation is almost always off by a few dollars and you end up getting a bill anyway.</P><P>Plus, when you get the bill, you can apply for an abatement if it is your first time. (Interest can't be abated, though.)</P><P> <BR /> </P><P> <SPAN>Abatement <A rel="nofollow" href="https://www.irs.gov/businesses/small-businesses-self-employed/penalty-relief-due-to-first-time-penalty-abatement-or-other-administrative-waiver" target="_blank">https://www.irs.gov/businesses/small-businesses-self-employed/penalty-relief-due-to-first-time-penal...</A></SPAN> </P> Mon, 03 Jun 2019 17:12:33 GMT https://ttlc.intuit.com/community/retirement/discussion/the-best-thing-to-do-is-to-decline-turbotax-s-offer-to-ca/01/278012#M23529 Opus 17 2019-06-03T17:12:33Z