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IRS Waives Penalty for Some Taxpayers Who Underwithheld in 2018

BY: APA Staff | 01/18/19

The IRS announced it will waive the estimated tax penalty for some taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year [IR-2019-03, 1-16-19; Notice 2019-11, 1-16-19].