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IRS Penalizes More Earners for Mistakes, Underpayment in Estimated Tax Filings

from USA Today

More Americans who pay their income taxes each quarter are being penalized by the IRS for making mistakes or missing payments. There's been a nearly 33 percent jump — from almost 7.5 million to nearly 10 million — in the number of penalties levied between fiscal years 2007 and 2016, IRS data show. more

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