Beware of scammers looking for personally identifiable information (PII) by contacting individuals under the guise of the Social Security Administration and Medicare. Learn how to report the scams and protective steps to take.
My client executed a large Roth conversion in the fourth quarter of last year and the IRS subsequently notified her that she owed a penalty because of underpayment of estimated taxes. How did this happen and what can she do about the penalty?