50°F
weather icon Partly Cloudy

IRS automatically waives a tax penalty

The Internal Revenue Service is automatically waiving the estimated tax penalty for the more than 400,000 eligible taxpayers who already filed their 2018 federal income tax returns but did not claim the waiver.

The IRS said it will apply this waiver to tax accounts of all eligible taxpayers, so there is no need to contact the IRS to apply for or request the waiver.

The announcement was made in a recent news release.

Earlier this year, the IRS lowered the usual 90% penalty threshold to 80% to help taxpayers whose withholding and estimated tax payments fell short of their total 2018 tax liability.

The agency also removed the requirement that estimated tax payments be made in four equal installments, as long as they were all made by Jan. 15, 2019.

The 90% threshold was initially lowered to 85% on Jan. 16 and lowered to 80% March 22.

For more information on the action by the Internal Revenue Service, go to the agency’s website at irs.gov

Don't miss the big stories. Like us on Facebook.
THE LATEST
Pahrump Fairgrounds water applications protested by Great Basin Water Co.

For more than a decade and a half, the town of Pahrump has been working toward development of a huge patch of land with the ultimate goal of turning 427 acres of property into a major recreation facility, the Pahrump Fairgrounds.

Pahrump parcel fee hike overturned by Nye commissioners

Many Pahrump area property owners have been angry these past few weeks about a future hike in the per parcel fee assessed on their property taxes. And owners haven’t been shy about expressing their frustrations either.

Nevada 2020 Democratic caucus includes early voting option

The Nevada 2020 Democratic Caucus, the “First in the West” as it is proudly being hailed, is just over a month away, and the Nevada Democratic Party is preparing for the major undertaking that will help decide the Democratic presidential nomination.

Tourism Commission recommends candidates to lead agency

The Nevada Commission on Tourism has recommended two candidates from Northern Nevada to direct the agency that has been without a leader for more than two years.

Army veteran receives Silver Star medal – 50 years later

The forbidding jungle, hot and steamy on an early March day, shrouded the movement for the North Vietnamese Army as they infiltrated the border from Cambodia to South Vietnam’s Central Highlands.

Nye County employee faces theft, embezzlement charges

A longtime employee in the Nye County Juvenile Probation Department is facing at least three theft-related felonies for allegedly stealing more than $100,000 from the department.

Former Pahrump Arts Council official arrested

The former president of the Pahrump Arts Council was arrested in early January on suspicion of embezzlement. Kristin Swan also was arrested on suspicion of obtaining money under false pretenses and theft, between $640 and $3,500, according to information from the the Nye County Sheriff’s Office.

Nevada redistricting group files amended petition

A group seeking to turn the once-a-decade process of redistricting political lines in Nevada over to a commission rather than the Legislature has refiled a petition with the secretary of state, after a judge ruled the original was misleading.

After roughly a century, bighorn sheep return to Pyramid Lake

Nevada state officials and the Pyramid Lake Paiute Tribe worked to reintroduce desert bighorn sheep to the hills above the lake Monday, the first time since the early 1900s that they’ve been seen in the area 50 miles north of Reno.