Category: avoid IRS penalties

Tax extensions are great because they basically grant second chances for those who still need to file their tax return. And who doesn’t like a second chance when

You filed an extension for your tax return and it got approved by the IRS, that’s good. You’re probably thinking that with your 3-month or 6-month extension you

There is a difference between failing to file your taxes on time and failing to pay your taxes on time.  The law provides that the IRS can assess

Basics of IRS Penalties IRS penalties and interest may be for a number of different occurrences. Some examples are: understating your tax liability, understating a reportable transaction, file

IRS penalties and interest may be for a number of different occurrences. Some examples are: understating your tax liability, understating a reportable transaction, file an erroneous claim for

There is a difference between failing to file your taxes on time and failing to pay your taxes on time.  The law provides that the IRS can assess

There is a difference between failing to file your taxes on time and failing to pay your taxes on time.  The law provides that the IRS can assess

There is a difference between failing to file your taxes on time and failing to pay your taxes on time.  The law provides that the IRS can assess

There is a difference between failing to file your taxes on time and failing to pay your taxes on time.  The law provides that the IRS can assess

Basics of IRS Penalties IRS penalties and interest may be for a number of different occurrences. Some examples are: understating your tax liability, understating a reportable transaction, file