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posted Jun 4, 2019 11:04:22 PM

Penalties & Interest for late filing not calculated

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1 Best answer
Level 15
Jun 4, 2019 11:04:23 PM

TurboTax does not calculate your penalties and interest for late filing.  That will be calculated by the IRS based on when they receive your return and based on how much tax you owe and are paying late.  You will receive a bill from the IRS.

1 Replies
Level 15
Jun 4, 2019 11:04:23 PM

TurboTax does not calculate your penalties and interest for late filing.  That will be calculated by the IRS based on when they receive your return and based on how much tax you owe and are paying late.  You will receive a bill from the IRS.