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Why was there an estimated tax penalty even I filed the return before 4/15? How could I get that back?
posted
June 3, 2019
11:51 AM
last updated
June 03, 2019
11:51 AM
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Why was there an estimated tax penalty even I filed the return before 4/15? How could I get that back?
Because the US is a pay as you go system, you can face underpayment penalty, even when receiving a refund.
You can not pay the fee and respond to the IRS when they seek it, but you are unlikely to succeed.
For more information, follow this link: IRS on Underpayment Penalties
June 3, 2019
11:51 AM
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