The Internal Revenue Service announced that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. The IRS is generally waiving the penalty for any taxpayer who paid at least 85 percent of their total tax liability during the year through federal income tax withholding, quarterly estimated tax payments or a combination of the two. The usual percentage

Despite the government shutdown, the Internal Revenue Service confirmed on Monday that it will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled. #IRS #Shutdown

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