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timdawg6
New Member

Why am I being charged an estimated tax penalty as I have just one standard job, just underwitheld and filed extension. I get the interest and failure to pay penalty.

 
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2 Replies

Why am I being charged an estimated tax penalty as I have just one standard job, just underwitheld and filed extension. I get the interest and failure to pay penalty.

Taxes owed on a 2018 tax return were due and payable on or before April 15, 2019.

The extension was only for filing the tax return, Not an extension for paying taxes owed.

timdawg6
New Member

Why am I being charged an estimated tax penalty as I have just one standard job, just underwitheld and filed extension. I get the interest and failure to pay penalty.

Yes but I have two penalties.  Failure to pay penalty, I understand that is because I filed an extension.  However, I don't understand the second penalty, Failure to pay proper estimated tax penalty.  

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