Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun Plural form of
underpayment .
Etymologies
Sorry, no etymologies found.
Support
Help support Wordnik (and make this page ad-free) by adopting the word underpayments.
Examples
-
She found the underpayments were the result of National Jet Systems failing to provide the pilots with wage increases they were entitled to under their workplace agreements.
-
In a broad range of circumstances, the health-care bill would change the law to impose strict liability penalties for income-tax underpayments, meaning that taxpayers will no longer have the luxury of making an honest mistake.
Tax Penalties and the Health-Care Bill James M. Peaslee 2009
-
Last autumn it emerged that many people who owed tax would have their underpayments written off, after HMRC said it would not pursue cases where the amount owed was less than £300, but this concession will not be in place this year, and the threshold has gone back to the standard £50.
PAYE errors could mean 5m people paid the wrong amount of tax last year 2011
-
Tour of Returns not needed But given the complexity of their filings and the public scrutiny they were sure to endure, overpayments were far preferable to underpayments, experts say.
What You Can Learn From Mitt's Tax Return Laura Saunders 2012
-
After the underpayments were detected, he paid back taxes and interest totalling $43,200.
Geithner, Choice for Treasury, Questioned on His Tax Returns - The Caucus Blog - NYTimes.com 2009
-
There can also be more penalties for big understatements or underpayments of estimated income tax.
If You Goofed on Your Taxes, Fix It. Now. Arden Dale 2011
-
For more information on underpayments, including a Tax Gap Map, see IRS notice IR-2012-4 at www.irs.gov.
U.S. Income 'Tax Gap' Widens Laura Saunders 2012
-
Sen. Max Baucus (D-MT) “is circulating a draft bill to crack down on offshore tax dodgers by doubling fines and penalties for underpayments and providing a paper trail of funds being transferred to overseas accounts so the IRS can spot potential red flags.”
-
Last autumn it emerged that many people who owed tax would have their underpayments written off, after HMRC said it would not pursue cases where the amount owed was less than £300, but this concession will not be in place this year, and the threshold has gone back to the standard £50.
PAYE errors could mean 5m people paid the wrong amount of tax last year 2011
-
There can also be more penalties for big understatements or underpayments of estimated income tax.
If You Goofed on Your Taxes, Fix It. Now. Arden Dale 2011
Comments
Log in or sign up to get involved in the conversation. It's quick and easy.