Tag Archive for: unpaid taxes
This One-Time Strategy Can Waive IRS Tax Penalties. ‘It’s Like A Get Out Of Jail Free Card,’ Expert Says
Described like a 'Get Out Of Jail Free Card', this lesser-known first-time penalty abatement may waive IRS fees in certain situations, tax pros say. However, there are specific IRS guidelines to qualify for penalty relief.
Your Unpaid Taxes Still Accrue Interest Even Though IRS Suspends Collection Notices. Here Are Some Payment Options To Consider
With a backlog of millions of returns, the IRS has temporarily stopped sending out more than a dozen types of automated notices, including some for unpaid taxes. But that doesn’t mean interest stops accruing on outstanding balances. Although the agency has been difficult to reach by phone, there are a few ways to resolve unpaid taxes. CLICK ON THE HEADLINE FOR MORE