I owe the IRS $809 for tax year 2020. How much will the penalty and interest be if paid it by December 31, 2023? Is there a Tax Penalty Calculator that can compute the amount for me?? Thank you!
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TurboTax will not calculate your interest or late filing penalties. When the IRS receives your return and your payment for the amount due as shown on your tax form, they will bill you for the penalties and interest, which are increasing with the passage of time.
@melkim see if this helps but the actual amount will vary based on the specific date you make payment and the date you actually filed the 2020 return.
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