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March 9, 2021
Question

I just paid my federal tax but I haven't included the underpayment penalty in total amount I paid. How can I figure out the underpayment penalty and make payment accordingly?

  • March 9, 2021
  • 1 reply
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1 reply

VolvoGirl
Employee
March 9, 2021

Was there some listed on line 38?  That is included in the tax due on line 37.  If you owe any more the IRS will send you a bill.  Why do you think you owe an underpayment penalty?