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October 16, 2024
Question

Does TurboTax notify me if I owe late penalties for tax returns? Or does the IRS contact me?

  • October 16, 2024
  • 1 reply
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Submitted 2023 tax return on Oct 12, 2024 through TurboTax. How will I know if what penalties I owe?

1 reply

Employee
October 16, 2024

If you owed no tax due or are receiving a refund, there is no penalty for filing after the April filing deadline.   If you had an extension -- you were supposed to pay your estimated tax due by April 15, 2024.   TurboTax will not calculate any late filing penalties or interest you owe---that will be calculated by the IRS and the IRS will bill you.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**