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I was sent a penalty from IRS of 501.57$ for failure to pay proper estimated tax. Turbotax says I owed 15483, while they say I owe 15611.00

 
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I was sent a penalty from IRS of 501.57$ for failure to pay proper estimated tax. Turbotax says I owed 15483, while they say I owe 15611.00

Is that "owed" the final tax, the estimated tax, or the penalty?  I can't follow your numbers.  Is the IRS saying the penalty calculation is wrong or that the tax calculation is wrong?

I was sent a penalty from IRS of 501.57$ for failure to pay proper estimated tax. Turbotax says I owed 15483, while they say I owe 15611.00

 

TT calculates an estimated underpayment penalty based on your entries in the program  however the feds & state reserve the right to access a final underpayment penalty, late filing penalty or late paying penalty ( plus interest ) based on the info they have and when the balance due was actually paid.     https://www.irs.gov/individuals/understanding-your-cp14-notice


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