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Thursday, February 7, 2019

IRS to waive tax penalties for underwithholding and underpayment

If you discover your federal income tax was underwithheld as a result of changes in the tax code, there could be some relief from penalties. You can find out more on this from this article at Accounting Today.

Be sure to review your withholdings at tax time and consider completing a new W4 for your employer if changes are necessary.