Penalty for Underpaid Tax Deposits

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06-22-2018, 01:16 PM

Dadianio

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Join Date: Aug 2008

Posts: 3

Penalty for Underpaid Tax Deposits

If my FIT in 2017 was $15,000 and I make equal quarterly deposits of $5,000 each ($20,000 total) in 2018 and my 2018 FIT ends up being $30,000, am I subject to any penalties so long as I pay the additional $10,000 by my filing date (April 15, 2019)?

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