I want to withhold as much tax as possible so that I am not funding the MAGA invasion on our country. But I want to do it in such a way so that I will not face a penalty and have to pay them more later.
You didn’t make a required payment because of a casualty event, disaster, or other unusual circumstance and it would be inequitable to impose the penalty, or
You retired (after reaching age 62) or became disabled during the tax year or in the preceding tax year for which you should have made estimated payments, and the underpayment was due to reasonable cause and not willful neglect.
Does this mean I can withhold all taxes if I claim that I was devastated by charlie kirk’s timely murder?
What if I also claim to have Tylenol and circumcision induced autism?
I want to withhold as much tax as possible so that I am not funding the MAGA invasion on our country. But I want to do it in such a way so that I will not face a penalty and have to pay them more later.
According to the IRS tc306;
Does this mean I can withhold all taxes if I claim that I was devastated by charlie kirk’s timely murder?
What if I also claim to have Tylenol and circumcision induced autism?
“Casualty event” means something else in insurance. You would personally have to have suffered a quantifiable material loss.
Dang…what about my 'tism?
If you can prove that Charlie Kirk’s untimely death caused you to consume Claviceps purpurea fungus, you may be entitled to compensation.