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ProSeries TaxExperience: 3 years
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Thanks, Iron...so the short withholding is what caused the penalty, basically.
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High earner has a tax penalty for underpayment. Here is some information:- 2023 Total Tax = $135,360 (110% of this is $148,896)- 2024 Withholdings $113,328 + ad...
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Yes..TSJ is critical in allowing the single returns to populate correctly.
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2023 was filed MFJ. Both are returning for 2024 returns and the divorce was finalized in 2024. One will be filing as single and the other as HOH.
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For 2023 tax year, I had a couple who filed MFJ but were in the process of divorcing. During 2024, the divorce was finalized. Both want to return and have me co...