Amends the Internal Revenue Code to permit the Secretary of the Treasury to waive all or any part of a tax penalty imposed upon a taxpayer who underpays an estimated tax or makes an excess contribution to a tax qualified pension plan or individual retirement account, if such taxpayer shows to the satisfaction of the Secretary that such underpayment or excess contribution was due to reasonable cause.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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