my employer did not take enough state taxes out of the entire company's checks. is there a way to get around the additional penalty that i am getting charged now? i'm already paying in as it is.
2007-02-02 10:34:43 · 3 answers · asked by sunshine 1 in Business & Finance ➔ Taxes ➔ United States
Unfortunately, no. If you underpay by too much, there is a penalty. But if you paid in at least as much as last years total tax, there is no penalty. Maybe since it was the employer's error, they could compensate you in some way. If not monetarily, maybe they could give you a bonus day off or something.
2007-02-02 10:44:25 · answer #1 · answered by crazydave 7 · 0⤊ 0⤋
If the remainder of the tax you owe is paid by April 15th, there's no Penalty because it's not late.
The additional taxes you owe aren't a penalty -- it's just what you owe.
2007-02-02 10:45:33 · answer #2 · answered by hatchland 3 · 0⤊ 0⤋
No. You are responsible for verifying that enough tax is withheld. If they are not taking enough out, you need to adjust your state withholdings with your employer.
2007-02-02 10:51:08 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 0⤋