We are getting penalized for cashing in Bonds for tuition for my son in college. These were bought before 1989. so they are not tax exempt. so instead of asking TT is ratting us out as if we are tax evaders and assessing a penalty they don't have the power to enforce. I may not have this tax situation int he future either so it needs to be eliminated.
If the government is getting all their money back at the end of the year why file quarterly estimated returns on one time tax events.
I didn't see this before I filed so now I want to eliminate it if possible and file an amended return.
