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 Form it 2105 9 Underpayment of Estimated Income Tax by Individuals and Fiduciaries Tax Year 2020

New York 2105 9 2020-2025 Form

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Instructions and help about 2018 it 2105

[Music] hi guys welcome back to the channel guess what I got in the mail I got a letter from the IRS that says and I quote you have underpaid your taxes for the year and you're getting an underpayment tax penalty of a hundred and twenty dollars and ninety-five cents okay you guys I do my own taxes with H&R Block tax cut and I have for several years so I'm pretty familiar them and every now and then it says it asks you at the very end if you want to pre-plan for the next year's taxes well I never knew I know if the tax cuts in Job Act back in 2018 that the taxation changed a lot and I because they changed and up the single deduction most people aren't itemizing anymore I used to itemize all the time now we don't anyway I noticed a dramatic increase in my taxation in 2018 and again last year in 2019 now it one if you got to close that you'd have to pay this tax under payment penalty well I've never seen it I've never

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