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duncan929
New Member

I failed to pay any taxes and now I am passed the extension. The amount shown does not include penalty, how do I find out what the penaltyamount is?

 
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I failed to pay any taxes and now I am passed the extension. The amount shown does not include penalty, how do I find out what the penaltyamount is?

TurboTax will not calculate your late filing penalties or interest owed.  The IRS will calculate it and bill you for it, based on how late your return is and how much you owe.  Expect a bill from the IRS after your return is processed.

**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.**

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I failed to pay any taxes and now I am passed the extension. The amount shown does not include penalty, how do I find out what the penaltyamount is?

TurboTax will not calculate your late filing penalties or interest owed.  The IRS will calculate it and bill you for it, based on how late your return is and how much you owe.  Expect a bill from the IRS after your return is processed.

**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.**

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