Prior to filing, I requested a waiver of the full amount of the underpayment penalty. By doing so, and pending review of my waiver request made IAW Form 2210,
Part II, A, the entire penalty was restored to my 2024 refund.....which I received in about 7 days after the IRS accepted the return. I assume the above is standard procedure pending final adjudication of a waiver request.
Of course, I expect my waiver request to be ultimately denied.
Do you know how I will be notified? Mail? How long?
Many years ago a very similar situation occurred to me. Then, my waiver request was approved without submitting Schedule AI. It is obvious, after all, that investment income is very unpredictable. Schedule AI was not necessary to prove the obvious.
Maybe I will get lucky? Regardless, I am not going to prepare Schedule AI and file an amended return. Not worth the effort.
Thanks for your advice.
1ABC
