Don't know why you weren't assessed underpmt penalty before if you, in fact, had underpaid. It's a simple calculation that the IRS does, probably all by machine, rather than by an agent. Your tax guy should have known this and let you know. I also don't understand why you would each owe that amount, as a joint return is treated as one entity with one tax amount.
He told us about the law change but since we had not yet been hit with a penalty I wasn't ready to make any changes. The fed's got their money in one check. My attitude is still f&*k them pieces of $hit.
kwg
I agree with the double amount but the tax guy was adamant that we each owed the $146.59.
kwg
