You'll need to sign in or create an account to connect with an expert.
At the end of the underpayment penalty section in TurboTax you come to a screen that says "Let the IRS Bill Me Later." That screen has two buttons: "Let the IRS Bill Me Later" and "Pay It Now." If you click "Let the IRS Bill Me Later" the penalty will be removed from your Form 1040 and the IRS will calculate the penalty and send you a bill.
Before you do that, as you go through the underpayment penalty section, read the screens carefully and enter any requested information. The screens describe the conditions that can eliminate the penalty and give you the opportunity to remove it.
Thank you for your help!
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
lmnop
New Member
whitems99
New Member
pa210
Level 1
DanaBan
Level 2
goradiah
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.