Underpayment Penalty
Underpayment Penalty
This is a penalty issued by the IRS usually on a business when that business does not pay all of it's estimated taxes. Each year a business estimates it's earnings for that coming year. This then gives them a payment that they must make for taxes to the IRS either in the beginning of the year or quarterly. If that company can not pay these taxes, they are usually given a penalty for not doing so.
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