Why is my return showing $207 in penalty/interest. The deadline was extended to April 18. Could this be because I didn't pay quarterly estimated taxes last year?
Why is my return showing $207 in penalty/interest. The deadline was extended to April 18. Could this be because I didn't pay quarterly estimated taxes last year?
Yes, you can be charged penalty if your withholding or estimated tax payments were too low. There are exceptions. See IRS publication 17.
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