Taxpayer has a penalty on her tax return, is that penalty amount included in Form 1040 Line 37 or do we add the penalty to the amount of tax owed on Line 37?

info7 · ‎04-09-2021

Tax owed on Line 37 is $1800
Penalty on line 38 is $10
Does the tax payer pay $1800 or $1810?

IRonMaN · ‎04-09-2021

When in doubt, the IRS does provide instructions

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Just-Lisa-Now- · ‎04-09-2021

LOOK at the tax return, look at lines 24 and 33 and do the math.

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BobKamman · ‎04-09-2021

Check the box on Form 2210 to let IRS figure the penalty. For that amount, they won't.