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Firm Announcements & Tax Updates

IRS WAIVES ESTIMATED TAX PENALTIES FOR SOME TAXPAYERS

GREAT NEWS! Due to the complicated TJCA, the IRS has waived the nasty estimated tax penalty for taxpayers who paid at least 85% of last year’s tax by estimate or withholding, or both. High five to the agency for getting something right even during the government shutdown.

Emily McEwan-Upright