top of page
Search

2019 – 08/15

  • Writer: Holly Roundtree CPA
    Holly Roundtree CPA
  • Aug 22, 2019
  • 1 min read

The IRS is automatically waiving an estimated tax penalty for eligible 2018 tax filers. The waiver applies to taxpayers who paid at least 80% of their total tax liability through federal income tax withholding or quarterly estimated tax payments. When they filed their 2018 returns, these taxpayers didn’t claim an available special waiver put in place because the Tax Cuts and Jobs Act caused many people to not have enough tax withheld. The waiver provides relief to those who filed too early to take advantage of it or was unaware of it when they filed. Eligible taxpayers who paid the penalty will receive a refund check about three weeks after they receive a “CP21” notice in the mail.

 
 
 

Comments


© 2018 by Holly C Roundtree, CPA, PLLC

Holly C Roundtree, CPA, PLLC


Tel: 972-404-4434

Email: holly_roundtree@hcroundtreecpa.com​

Address: 13355 Noel Road, Suite 1960, 
One Galleria Tower
Dallas, Texas 75240

Contact Us
Social Media
Members
bottom of page