3321813
You'll need to sign in or create an account to connect with an expert.
The amount in box 38 is included in the amount of federal taxes owed or it reduces the amount of the federal tax refund.
If you have an amount of tax due on line 37 of your Form 1040, it includes the penalty that you see on line 38.
Thank you so much for your reply. I've never had this penalty in the 40 years that I've been filing taxes.
Thank you!!
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Omar80
Level 3
bill Pohl
Returning Member
rkplw
New Member
jjon12346
New Member
bees_knees254
New Member