Underpayment Penalty - $1025 REPAY Hi,
Normally I always get 2-3 k tax REFUND from the IRS EVERY YEAR.
But this year it looks like I have to pay back abt S1025 to th eIRS as my wife also joined the work force and may be her deductions were quite not right.
How do I aviod the penalty when our total income is less tha 100 K.
Thanks,
Jag |