For the purpose of figuring underpayment penalty, should we elect to treat the tax withheld as paid when it was actually withheld? What does this mean?

posted

Connect with an expert

1 Reply

For the purpose of figuring underpayment penalty, should we elect to treat the tax withheld as paid when it was actually withheld? What does this mean?

When tax is withheld it is considered as paid at that time.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post