re: Underpayment penalty on taxes......Paging Poodle...please see last post

You can claim exempt from taxes if you will have no tax liability. Any one could do it years ago. Now you have to be able to prove that you will have no liability.
Our employees still try

I regularly pay the underpayment fee. My wife and I both withhold at higher rates and take out extra. Apparently i just need to give them my whole check and hope for some back at the end of the year.