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Glossary > U > "Underpayment Penalty" Definition

Underpayment Penalty

A tax penalty enacted on an individual for not paying enough of his or her total estimated tax and withholding. If an individual has an underpayment of estimated tax, they may be required to pay a penalty (on Form 2210).

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Underpayment Penalty - A tax penalty enacted on an individual for not paying enough of his or her total estimated tax and withholding. If an individual has an underpayment of estimated tax, they may be required to pay a penalty (on Form 2210).

Underpayment Penalty : a tax penalty enacted on an individual for not paying enough of his or her total estimated tax and withholding. if an individual has an underpayment of estimated tax, they may be required to pay a penalty (on form 2210).