You don't pay that separately. It was included in your tax due.
dmertz
Level 15
Jan 26, 2020 7:37:04 AM
And if the IRS determines a higher penalty, they will bill for the difference. If the IRS determines a lower penalty, they will refund the difference.
VolvoGirl
Level 15
Jan 26, 2020 8:18:28 AM
Oh yeah, 1040 line 24 says Estimated underpayment penalty and is included in line 23. Notice that line 23 is more than line 16-19. Or you can even have a penalty when you are getting a refund. I did once.