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Employee
February 28, 2019
Question

How does the underpayment penalty is paid?

  • February 28, 2019
  • 1 reply
  • 0 views

While I was filing my taxes it says I have a underpayment penalty of $8 since I wasn't paying enough taxes and it asked do I want to make that payment now. I selected yes and completed my return but when I downloaded my return I don't see any detail about the penalty on my return. How would I know if the payment has been made to IRS or not? 

 

Thanks

1 reply

February 28, 2019

look at the bottom of Form 2210; in many cases the penalty is waived due to recent IRS rulings

 

if there still is a penalty is should be listed on Line 23 of Form 1040