You generally can't have any "other coverage." The whole point of the combination of an HSA and HDHP is that if you have a high deductible plan (which policymak...
Can you claim your child as a dependent? Then you are just paying medical expenses for dependents, it's not a gift and it would be a tax deductible medical expe...
Also note, if this is the first time you have owed a penalty, you can file a request for an abatement.
https://www.irs.gov/payments/administrative-penalty-relie...
@km2438wrote:
also, my sister owed underpayment penalty even though she owed the IRS less than $1,000 of taxes, so the rule didn't apply. why?
You can owe an u...
Generally, tax is never owed by the recipient of a gift under US law. Whether the giver must pay a tax depends on the tax laws of their home country. If the gi...
