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Level 2
posted Jan 26, 2020 1:50:36 AM

Underpayment penalty -Paying directly ?

So I filed my taxes but forgot to pay $5 underpayment penalty.

 

Can I pay @ https://www.irs.gov/payments right now to avoid any sort of notice from IRS ?

Do i need to file amended return ?

0 5 891
5 Replies
Level 15
Jan 26, 2020 2:12:02 AM

You don't pay that separately.  It was included in your tax due.  

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.

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.  

Level 2
Jan 26, 2020 8:47:23 AM

will they bill even for $5 ?

Level 2
Jan 26, 2020 8:48:49 AM

my main question was -

 

Can I pay @ https://www.irs.gov/payments right now to avoid any sort of notice from IRS ?