Category: Penalties & Interest

More often than not, clients come through the door and want to know one thing: how much can be removed...

If at first you don’t succeed… A taxpayer that is seeking an abatement on penalties will initially have to make the request...

  Cowardly or not, the Internal Revenue Service and state Taxing Authorities assess penalties against taxpayers who do not meet...

What is a penalty? For starters, it’s important to understand what a penalty is. A penalty is essentially a fee...

Did you know that you could find yourself with an unexpected tax penalty for not informing the IRS that you...

An IRS penalty is an additional amount that can be assessed on top of your tax liability for various reasons,...