IRS Expands Relief from Underpayment Penalty Reviewed by Momizat on . The Internal Revenue Service has announced it is lowering to 80% from 85% the amount taxpayers must have paid to escape an underpayment of estimated income tax The Internal Revenue Service has announced it is lowering to 80% from 85% the amount taxpayers must have paid to escape an underpayment of estimated income tax Rating: 0
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IRS Expands Relief from Underpayment Penalty

Posted date: May 22, 2019 In: QuickPress

The Internal Revenue Service has announced it is lowering to 80% from 85% the amount taxpayers must have paid to escape an underpayment of estimated income tax penalty for 2018. The usual rule requires at least a 90% payment of tax shown on the return.

To read the full article in the Journal of Accountancy, click: IRS Expands Relief from Underpayment Penalty.

The National Association of Certified Valuators and Analysts (NACVA) supports the users of business and intangible asset valuation services and financial forensic services, including damages determinations of all kinds and fraud detection and prevention, by training and certifying financial professionals in these disciplines.

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