IRM Interim Guidance: Additional Guidance Regarding Estimated Tax Penalty Waiver for TY 2018 (IRC §6654)

Revision to Internal Revenue Manual 20.1.3.2.7.2.3 that would revise a new subsection dealing with Notice 2019-11 and Notice 2019-25 to reflect additional guidance for a waiver of the estimated tax penalty, released April 4. The waiver for taxable year 2018, in limited to individuals whose total withholding and estimated tax payments, made on or before January 15, 2019, equal or exceed 80% of the tax shown on the return for the 2018 taxable year, the IRS stated. [sbse-20-0319-0422 (Mar. 27, 2019)]

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