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Level 6
April 8, 2020
Solved

What is your thoughts on the under estimated tax penalty?

  • April 8, 2020
  • 6 replies
  • 23 views
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Best answer by Just-Lisa-Now-

Im guessing they will use July 15th as the "due date" for computing the penalty, rather than April 15th.

The current state of things really isnt an excuse for not paying estimated payments last year.

6 replies

Level 6
April 8, 2020

Let me rephrase....Do you think the under estimated tax penalty still applies for 2019 under the CARE Act?  I had someone hold for hours to talk to a real person at the IRS and they got 2 different answers.

Just-Lisa-Now-
Intuit Community Champion
April 8, 2020

Im guessing they will use July 15th as the "due date" for computing the penalty, rather than April 15th.

The current state of things really isnt an excuse for not paying estimated payments last year.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪