Most tax practitioners are familiar with reasonable cause as the basis for penalty abatement. But many often overlook another important reason for penalty abatement: the so-called...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/27/2022
Paying your taxes when due means you don't accumulate penalties and extra charges. Failure to file tax returns or pay due taxes in full also attracts charges.Some people default...
Posted by KLSM CPA Firm PLLC on 02/28/2022
You can't help but give Uncle Sam his due, and if you want to avoid an audit, it's important to get it right the first time. Unlike W-2 employees, the self-employed taxes are...
Posted by Dennis Jao on 02/28/2022
Everyone needs help during tax season - young and old. However, if you're a senior, you need more help. That's because we may encounter so many problems while filing taxes....
Posted by Tiffany Gaskin on 02/28/2022
The Internal Revenue Service allows taxpayers to pay their tax debts through an installment agreement. However, since interest and penalties will apply, the IRS encourages taxpayers...
Posted by James Financial Services Inc on 12/18/2021
Those who cannot withhold federal taxes from each paycheck must pay taxes quarterly.United States income tax operates on a pay-as-you-go system, in which the federal government collects...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/11/2021
Thrift savings plans are accounts mostly opened by federal employees; it is a contribution that involves consistency and helps you to choose the right fund that helps you to build...
Posted by KLSM CPA Firm PLLC on 04/30/2021
There are multiple options for anyone that wants to pay their taxes. This article will shed light on various payment options available from the IRS.Automatic Payment People who...
Posted by Rosovich & Associates, Inc. on 04/24/2021
July 15 is almost here, and it is a good idea to be getting started in what you owe as tax. There are several options with which you can pay your tax, and we discuss them here: ...
Posted by BEST FINANCIAL GROUP LTD on 06/10/2020
