U.S. Internal RevenueService building in Washington, D.C. (Photo: Diego M.Radzinschi/THE NATIONAL LAW JOURNAL.)
(Bloomberg) –Taxpayers who miscalculated how much they'll owethe Internal Revenue Service this year won't get hit with penalties — up to a certain point.
The Treasury Department said Wednesday it won't penalizeindividuals who underpaid their estimated taxes for 2018, as long as they paid 85 percentof what they owe through withholding or estimated quarterlypayments.
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