Level 15
03-24-2025
08:24 AM
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@sjrcpa From 2210 instructions.
Waiver of Penalty
If you have an underpayment, all or part of the penalty for that underpayment will be waived if the IRS determines that:
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In 2023 or 2024, you retired after reaching age 62 or became disabled, and your underpayment was due to reasonable cause (and not willful neglect);