2550834
According to this post, dated March 21, 2021, on the IRS website...
Earlier this year, following the disaster declarations issued by the Federal Emergency Management Agency (FEMA), the IRS announced relief for victims of the February winter storms in Texas, Oklahoma and Louisiana. These states have until June 15, 2021, to file various individual and business tax returns and make tax payments. This extension to May 17 does not affect the June deadline."
... the filing date for Texas residents was extended to June 15, 2021 for tax filing and payments. Why does Turbotax calculate a penalty for my first estimated tax payment when it was paid on June 15, 2021? It would seem there would be sufficient time for Turbotax to take this issue into account.
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Are you talking about your 2020 tax return or your 2021 tax return?
This IRS message was for your 2020 tax return.
Are you talking about your 2020 tax return or your 2021 tax return?
This IRS message was for your 2020 tax return.
I'm embarrassed to admit that I took a local news story to heart when I heard it and didn't do my own research.
Indeed you are correct - this IRS post does pertain to TY 2020 and NOT to my 2021 estimated tax payments.
Thank you for clarifying this issue and helping me to see my mistake.
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