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posted Jun 6, 2019 12:03:18 AM

If I file an extension, will I have to include the penalty for not recharacterizing by April 15th?

I currently owe the Federal $2262 without the penalty.  If I include the penalty, I owe $2406.  When I file for an extension, I have to mail a check in the amount that I owe the Federal.  Should I paid the $2406 (with penalty) or $2262 (no penalty)?

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1 Replies
Level 15
Jun 6, 2019 12:03:19 AM

If you are getting the penalty abated then the amount without the penalty, if you are not asking for abatement then the total amount should be paid.