I received a CP14 from the IRS stating that I owe a penalty for 2018: Failure To Pay Proper Estimated Tax Penalty. Is the IRS unaware of the threshold reduction to 80%?

ss-mendo-munny · ‎June 7, 2019

Is there an official document that I can reference?

SweetieJean · ‎June 7, 2019

https://www.forbes.com/sites/ashleaebeling/2019/03/22/irs-expands-tax-underpayment-penalty-relief/#7...

https://www.irs.gov/pub/irs-drop/n-19-25.pdf

View solution in original post

SweetieJean · ‎June 7, 2019

https://www.forbes.com/sites/ashleaebeling/2019/03/22/irs-expands-tax-underpayment-penalty-relief/#7...

https://www.irs.gov/pub/irs-drop/n-19-25.pdf

ss-mendo-munny · ‎June 7, 2019

Very Helpful -- Thank you. Confusing--even though you don't owe a penalty--you need to ask to have it waived. Why did TurboTax not do this proactively? So if I understand correctly since I have already paid my taxes I should pay the non-penalty penalty and then ask for a refund?

Expert does your taxes

Do it yourself

Resources

Support

I received a CP14 from the IRS stating that I owe a penalty for 2018: Failure To Pay Proper Estimated Tax Penalty. Is the IRS unaware of the threshold reduction to 80%?

I received a CP14 from the IRS stating that I owe a penalty for 2018: Failure To Pay Proper Estimated Tax Penalty. Is the IRS unaware of the threshold reduction to 80%?

I received a CP14 from the IRS stating that I owe a penalty for 2018: Failure To Pay Proper Estimated Tax Penalty. Is the IRS unaware of the threshold reduction to 80%?

I received a CP14 from the IRS stating that I owe a penalty for 2018: Failure To Pay Proper Estimated Tax Penalty. Is the IRS unaware of the threshold reduction to 80%?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

I received a CP14 from the IRS stating that I owe a penalty for 2018: Failure To Pay Proper Estimated Tax Penalty. Is the IRS unaware of the threshold reduction to 80%?

Do you have an Intuit account?

I received a CP14 from the IRS stating that I owe a penalty for 2018: Failure To Pay Proper Estimated Tax Penalty. Is the IRS unaware of the threshold reduction to 80%?

I received a CP14 from the IRS stating that I owe a penalty for 2018: Failure To Pay Proper Estimated Tax Penalty. Is the IRS unaware of the threshold reduction to 80%?

I received a CP14 from the IRS stating that I owe a penalty for 2018: Failure To Pay Proper Estimated Tax Penalty. Is the IRS unaware of the threshold reduction to 80%?

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert