When paying tax due on 1040X, do I include interest and penalties?

· Posted in IRS Problems 

I just want to pay the money I owe to the feds. Since I am amending my return a year later, I know there’s going to be some additional costs. The IRS does say on its site what the interest/penalties are, but I am not sure whether to include that in my payment:

To summarize: Do I pay just what the original amount was and wait for them to bill me the rest, or calculate everything and then pay?

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Comments

When paying tax due on 1040X, do I include interest and penalties?

3 Responses to “When paying tax due on 1040X, do I include interest and penalties?”

  1. the tax lady on April 27th, 2010 10:08 pm

    The IRS will calculate and bill you.

  2. kim s on April 27th, 2010 10:46 pm

    just pay what you calculated on the 1040x. they will bill you the rest. the interest stops when you paid and they give you a window to pay by to not incur more interest.

  3. RUSerious on April 27th, 2010 10:53 pm

    When you file, pay only the amount that has been calculated as due and wait for a notice from the IRS for any additional amount due.