Blog Logo
Blog Logo

Tucker Arensberg

Contact information

View All News & Insights
BACK TO Tucker’S PROFILE

IRS Relief for the Under-Withheld

For some taxpayers who miscalculated their withholding and/or estimated tax payments for 2018, the IRS is providing some relief. The new waiver provides that taxpayers will not be penalized under Section 6654 of the tax code if their withholding and estimated payments total at least 85% of their total 2018 tax liability.  The other “safe harbors” to avoid an underpayment of estimated tax penalty still apply, in addition to this new waiver.  The waiver is requested on Form 2210, to be filed with the 2018 income tax return.  See IRS Notice 2019-11.

January 17, 2019

Serving our clients successfully since 1900

The same attributes that have anchored over a century of success are still our guiding principles today.

Stay up-to-date on the latest News & Insights by subscribing to our alerts

Enter your email address below and be notified when we post new information.