IRS Increasing Estimated Tax Penalties: What Federal Employees and Retirees Need to Know
IRS Increasing Estimated Tax Penalties: What Federal Employees and Retirees Need to Know Over the past year, the IRS has significantly increased penalties on underpayment of both estimated tax payments and federal income withholding from salary and retirement income. Individuals who are required to make quarterly estimated payments (due dates each year are April 15, […]