Question

Will I be charged a penalty fee or interests for owing more money on an amended return ?

Forum|Forum|5 years ago
May 18, 2021
1 reply
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TurboTax Deluxe Online

Employee

Yes, probably. If you do the IRS will send a bill.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

V

v-davignonAuthor

What makes no sense to me is that it said I would of avoided a penalty fee or interests if I had amended my return prior to April 15th. Turbotax did not make this option available. Even if I send a cheque for the new amount I owe due to my amendment, they will start charge a fee?

macuser_22

Employee

@v-davignon wrote:

What makes no sense to me is that it said I would of avoided a penalty fee or interests if I had amended my return prior to April 15th. Turbotax did not make this option available. Even if I send a cheque for the new amount I owe due to my amendment, they will start charge a fee?

I assumed you were referring to a prior years amended return. Am amended 2020 return would have no penalty or interest if the tax was paid before 5/17.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**