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Level 1
June 6, 2019
Question

Why am I getting an underpayment penalty? I am not self-employed

  • June 6, 2019
  • 1 reply
  • 27 views
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1 reply

Level 12
June 6, 2019

Even if you are employed for wages, you can face underpayment penalty for not paying enough throughout the year.

You can even face underpayment penalty if you are receiving a refund.

I advise you to review Form W-4 with your employer.

For more information, follow these links:

IRS on Underpayment Penalties

W4 Instructions