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"Charge you extra" is in fact the definition of a fine. :) If you are off by more than 10% or $5000 you have to pay 120% of the under payment plus interest fro
by mike_d 4y ago
"Charge you extra" is in fact the definition of a fine. :)
If you are off by more than 10% or $5000 you have to pay 120% of the under payment plus interest from your filing date. If you overpay you just get a letter and a check with no interest.
- dguest 4y agoYeah that was badly phrased. I meant the amount you owe, but you answered my question. I guess it's worth doing the math to figure out when your guesstimate becomes more expensive than a tax prep service.