Tag Archive for: taxpayer penalties

tax return with amount you owe highlighted_canstockphoto22496778 845x345

The IRS Is Resuming Debt Collections. Here’s What To Do If You Can’t Pay Your Taxes

As the IRS returns to normal operations, collection activities will resume as well. The agency is ramping up efforts to collect overdue taxes after many debt-collection activities were paused in order to provide relief to taxpayers during the COVID-19 crisis.
irs installment payment plan_)canstockphoto41597163 845x345

How To Set Up A Payment Plan With The IRS

Wondering if it's still possible to arrange a payment agreement with the IRS before the 2023 tax deadline? The answer is yes. giving a taxpayer the opportunity to pay their taxes on a timeframe set by the government, saving them from penalties and other fees.
red questionmarks_canstockphoto16518326 845x345

Seven Questions To Ask Your Accountant Before You File Your Taxes

With tax deadline day only weeks away, Americans are working away at their IRS returns and facing all the usual difficulties. As with any learning experience, a good way to gain insider knowledge of taxes and filing is to ask a trusted accountant or other tax specialists. Before filing taxes and risking negative outcomes, you can get ahead of the problem by asking a professional some critical questions.
red questionmarks_canstockphoto16518326 845x345

What To Do If You Owe The IRS Money

For some taxpayers, it’s a dreaded time of the year. Why? Because they may owe the government some money. For some advice if you’ve filed your taxes and find out you owe the IRS, CLICK ON THE HEADLINE FOR MORE