Harless Tax Blog

Harless Tax Blog

N-2019-25: Relief from Addition to Tax for Underpayment of Estimated Income Tax by an Individual

Friday, March 22, 2019

Source from irs.gov | Notice 2019-25 notice modifies and supersedes the guidance in Notice 2019-11, which announced the waiver of the addition to tax for underpayment of estimated income tax for certain individuals for tax year 2018. This notice increases the availability of the waiver of the addition to tax by expanding the waiver to individuals whose total withholding and estimated tax payments equal or exceed eighty percent of the tax shown on the return for the 2018 taxable year. The notice updates procedures for requesting the waiver of the addition to tax. Additionally, the notice provides procedures for taxpayers who paid additions to tax for underpayment of estimated tax but who qualify for relief under this notice to request a refund of the addition to tax.