You'll need to sign in or create an account to connect with an expert.
1) Final amounts for interest/late penalties due can't be assigned until original amount due is fully paid. Thus, two billings is normal under described situation.
2) "Shared Responsibility" implies a second party debt. Filing a joint return? Member of a partnership?
943 -306 = 637
which is close to your $547 plus a penalty and interest
You probably owe the IRS $943.
you didn't state what tax year this is.
IRS penalties can add up really fast.
The shared responsibility payment is billed separately from the federal taxes and cannot have a penalty or interest added to it ... read the notices carefully.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
chorvath0320
New Member
dianejcampbell-h
New Member
93Ford03Yamaha
New Member
turbotax2022late
New Member
temperaturesealion
Level 1
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.