Form 7004 Late Filing Penalties
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 a penalty...
IRS Penalties for Late Filing of Income Tax Return
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 an erroneous...