katgwald
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So I decided to just go ahead and pay the penalty and hope the IRS would refund me and moved on to the Federal Tax Review. There Turbotax asked me to amend some...
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Ah ok cool. So yeah I've been seeing the "you may elect to treat the tax withheld as paid when it was actually withheld" part in the underpayment penalty sectio...
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Thank you for explaining the quarterly aspect! I did pay the same amount each quarter, though, so in terms of being 110% of last year's tax yield it should all ...
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Thank you! So I have to annualize to not get an underpayment penalty? Turbotax doesn't seem to suggest that annualizing is required. I know that I qualify to wa...
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- Posted Re: Underpayment Penalty incorrectly calculated on Get your taxes done using TurboTax. April 10, 2021 9:24 AM
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