Sec. 30545. Waiver of penalty for underpayment of estimated tax
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/bill/116/hr/8352/ih/section-30545A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 6654(e)(3) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph: No addition to tax shall be imposed under subsection
(a)with respect to any underpayment if the taxpayer died during the taxable year and the Secretary determines that the amount of the underpayment is due to capital gains that were realized by reason of section 1261. .