How to Request IRS Penalty Abatement
If you failed to pay your IRS taxes in time and were penalized, you can request that the penalties be forgiven, but it's not easy to do successfully.
Tax Penalty Calculation and Disputes
If there are substantial underpayments of taxes in a given tax year, the taxpayer will be penalized. An underpayment is “substantial” if the u...
Tax Underpayment Penalty 2010
The problem of underpaying taxes is significant because of the penalties imposed by the IRS. If estimated tax payments are requires and not paid, a...
Unpaid Taxes and the NYS PAID Program
The NYS PAID (Penalty and Interest Discount) Program allows an individual taxpayer who owes back taxes to save a substantial sum of money if the debt ...
401K and IRA Early Withdrawal
Withdrawals from a retirement account may be subject to a 10% penalty tax if the distribution is made before the investor reaches the age 59.5 years ...
IRA Early Withdrawal Penalty
In today’s struggling economy, many people may need to know if they can use funds from their individual retirement accounts to help them through t...
Sales Tax Penalty
Sales and use tax, or the sales tax is collected and reported on a local, State level. It is a State taxation authority that may levy a penalty ag...
Income Tax Penalties
There are multiple penalties that a State or federal taxation authority could potentially levy on a taxpayer and all of them will add substantially ...
Tax Evasion Penalty
“Tax avoidance” is the proper utilization of the tax collecting system to reduce the amount of tax debt due by means that are within the law of ...
State Tax Penalties
State and local tax systems on a national basis are extremely diverse. All of the states employ a broad range of taxes and fees to fund state and ...
Federal Tax Penalties
Well, there’s good news and there’s bad news. The bad news is that IRS can levy several types of federal tax penalties but the good news is that...
Trust Fund Recovery Penalty
In order to better understand how grounds for the imposition of a “trust fund recovery penalty” comes about it is helpful to take a close look a...
Tax Penalties
If you fail to pay your taxes, that failure can result in the IRS levying tax penalties, each penalty can then in turn have an interest penalty that...
