Hello, I got a new job at a company last year. I made a mistake in w4 form resulting in no federal and state tax deducted since I joined the company (9 months of 2010.) I just found out when I received W2 forms in the mail last month. How steep is the penalty/interest for neglecting pre-paying income tax? I know it is too late to fix this mistake, but is there any way I can minimize the damage? Thank you in advance. chari
- posted
12 years ago