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Posts Tagged ‘Penalty Waiver’
How to Get an IRS Tax Penalty Waived
The Internal Revenue Service (“IRS”) has many tax penalties for taxpayers that fail to meet certain requirements.
Some of these penalties are:
* Failure to File
* Failure to File on Time
* Failure to Pay
* Penalty on Underpayment of Estimated Tax
Why Should The Penalty Be Waived?
It’s possible an IRS penalty can be waived. Possible being the key word. Just … Continue reading »
2 Simple Questions That Taxpayers Will Need to Answer Carefully This Year
Do you file a Schedule C, Profit or Loss From Business or Schedule E, Supplemental Income or Loss (From Real Estate or Partnerships)? If so, you will notice there are 2 simple questions that have been added to these forms. They are:
“Did you make any payments that would require you to file Form(s) 1099?”
“If “Yes,” did you or will you file … Continue reading »
How to Get an IRS Civil Penalty Waived and Keep Your Small Business
Recently, we were able to get a $49,000 IRS civil penalty waived for one of our Connecticut business clients. If we failed to get this penalty waived, this business would have closed its doors.
