Thursday, April 14, 2011

Eight Facts on IRS Penalties

None of us wants to think about receiving a penalty from the IRS, but "stuff" happens so it is a good idea to review the IRS stand on penalties. As I try to repeat in each of my webinars it always makes sense to file your tax return each year, even if you know that you may have to go back and file an amended return.
When it comes to filing a tax return – or not filing one - the IRS can assess a penalty if you fail to file, fail to pay or both. Here are eight important points the IRS wants you to know about the two different penalties you may face if you do not file or pay timely.

If you still need this years tax return completed and you feel as if you need help, give us a call. 800.938-9513
To read the entire article click here.

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