Maine Underpayment Penalty
Maine Underpayment Penalty
Who Must Pay the Underpayment Penalty? In general, you will owe an underpayment penalty if your 2021 tax liability less allowable credits and withholding is $1,000 or more and your 2020 tax liability before tax credits, income tax withholding or any other tax payment(s) for the tax year was $1,000 or more. Form 2210 ME
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