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Returning Member

Self Employment Taxes

For the past two years, I've been assessed a penalty even though I've paid my quarterly federal income taxes (and this year received a refund), why am I being assessed a penalty?

1 Reply
Employee Tax & Finance Expert

Self Employment Taxes

You should have received a letter from the IRS stating the reason a penalty was assessed. Please review the letter again and post the specific reason why the assessment was made.


See IRS publication 2210 for information on the penalty for Underpayment of Estimated Tax.

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