Re: $800 underpayment penalty! urgent please help! Do I have to pay it# TAX - 交税与退税
s*i
1 楼
penalty applies when you meet all these 3 conditions:
1, withheld tax is $1000 or more less than your tax liability.
2, withheld tax is 90% or less than your tax liability.
3. withdeld tax is less than your tax liability for the year before.
since your were students for 2000, it's not likely you meet
condition 3.
and you probably can file 1040 as resident and claim both
treaty benefit and standard deduction.
1, withheld tax is $1000 or more less than your tax liability.
2, withheld tax is 90% or less than your tax liability.
3. withdeld tax is less than your tax liability for the year before.
since your were students for 2000, it's not likely you meet
condition 3.
and you probably can file 1040 as resident and claim both
treaty benefit and standard deduction.