Not having enough income tax withheld from one's salary during the year. Must be made up for when filing, and may result in penalties and interest due. opposite of overwithholding.
Related information about underwithholding:
- Understanding underwithholding
Apr 1, 2005... its money regularly throughout the year as you make money. If you don't comply, you could confront underwithholding and its consequences.
- Underwithholding Definition | Investopedia
Inadequate withholding of taxes from wages or other income during the year. Underwithholding will result in a balance due upon filing. Significant ...
- Maximizing My Tax… Bill? Underwithholding On Purpose. » My ...
Apr 23, 2005 ... Bill? Underwithholding On Purpose. unclesam.jpg Most of us pay taxes as part of our paycheck each month, as Uncle Sam mandates it to be.
- What Is Penalty for Underwithholding Taxes? | eHow.com
What Is Penalty for Underwithholding Taxes?. Every taxpayer is responsible for making sure that enough money is withheld from his paycheck for income taxes.
- Underwithholding: Definition from Answers.com
situation in which taxpayers have too little federal, state, or local income tax withheld from their salaries.
- How to Calculate the Penalty for Underwithholding on Federal Taxes
In the United States, the Internal Revenue Service (IRS) charges individual income taxpayers who have failed to make sufficient federal income tax withholding ...
- What is Underwithholding?
Brief and Straightforward Guide: What is Underwithholding?
- IRS Penalties for Underwithholding - Budgeting Money
Federal income taxes are supposed to work as a "pay-as-you-go" system, in which you pay taxes regularly as you earn money. Taxpayers have some control ...