))
EP02: How to Get Penalties Removed
Manage episode 304442195 series 2989229
Вміст надано Jonathan Donenfeld. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Jonathan Donenfeld або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
If you don't file your tax return or pay on time, the IRS will issue significant penalties, up to 25% for failure to file and up to 25% for failure to pay plus interest. If your tax debt is several years old, sometimes the penalties and interest can be an additional 50% of the actual tax liability.
So there are ways to get this removed. If you haven't had a penalty or filed all of your necessary returns for the previous three years, you will most likely qualify for a First Time Penalty Abatement. There are also ways to remove accuracy penalties if you file a return with an inaccurate amount of liability. The IRS may issue a 20% penalty. In that case, there's a reasonable cause, like if it was a tax preparer's fault or if there was a death. There are several other reasons and other ways to get the accuracy penalty waived. Just because the IRS issued a penalty doesn't mean that it's correct and doesn't mean that it can't be removed. So you should speak with a professional to analyze your account to see if you qualify.
Let us help you solve your tax problems so you can sleep better at night. Schedule your free consultation with JLD Tax and call us at 201-479-2572 or visit us at www.jldtax.com.
85 епізодів
Поширити
