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Employee
June 6, 2019
Question

If I file an extension, will I have to include the penalty for not recharacterizing by April 15th?

  • June 6, 2019
  • 1 reply
  • 0 views

I currently owe the Federal $2262 without the penalty.  If I include the penalty, I owe $2406.  When I file for an extension, I have to mail a check in the amount that I owe the Federal.  Should I paid the $2406 (with penalty) or $2262 (no penalty)?

1 reply

MichaelL1
Employee
June 6, 2019

If you are getting the penalty abated then the amount without the penalty, if you are not asking for abatement then the total amount should be paid.