Many IRS tax penalties are assessed automatically if you fail to submit payment or file a tax return on time. These penalties may also continue to accrue each month until you pay your taxes or file your return. The following are some of the most common IRS civil tax...
When You Have Serious Tax Issues, You Need Someone Who Knows Tax Law
IRS Penalties
IRS Expands Underpayment Penalty Relief Once Again
The IRS has expanded the safe harbor for underpayment penalty relief for a second time this tax season. Taxpayers who paid at least 80 percent of their annual tax liability throughout the year will not face underpayment penalties this year. Underpayment Penalty Rules...
IRS Waives Underpayment Penalty for Some Taxpayers
The IRS has waived the underpayment penalty for some taxpayers whose withholding or estimated tax payments resulted in an underpayment for the 2018 tax year. If you qualify, you should complete Form 2210 and submit it along with your tax return to receive the penalty...