Tax Late Filing Penalties
Filing Taxes Late - Avoiding Penalties
Marine preparing his taxes
April 15th, otherwise own as Tax Day, is ever nearing. If you're one of the millions of Americans that has decided to put off your filing to closer to deadline day and are trying to jog your memory back into tax filing gear, no worries. That's what this entry is for.
Being on the receiving line of an Internal Revenue Service agents phone call or mailing informing you that your tax returns are being audited is a nightmare that millions of Americans have undoubtedly had. A tax audit can turn an otherwise quiet life upside down and cause undue stress on an individual and their family.
Finding the right tax professional who is able to find you every deduction, credit, and write-offs can oftentimes seem like an impossible task, but it doesn't have to be.
Determining whether or not you have to pay taxes on your Social Security benefits really comes down to two factors: 1) your tax filing status, and 2) the amount of your "combined" income. Generally speaking though, you will not have to pay any taxes on your Social Security benefits at all, if that is your only source of income.
Have you ever made contributions to an IRA account, then wondered if you can deduct that investment from your taxes? The simple answer yes, you can, but only in some cases.It all depends on what kind of IRA you contribute to, and in some cases your income level, and if you are covered by an employer-run retirement account or not.
Every state figures out a way to collect revenue in the form of taxes, but not every state is equal in how they go about doing that. Some states have a high sales tax while others have no sales tax at all. This piece will focus on breaking down the best and worst states when it comes to their sales tax.
Most people's goal every tax season is to figure out how to owe as little in taxes as possible. The purpose of this entry is to help you with that. The goal here is to show you a handful of ways that you can potentially lower your tax bracket through various personal deductions, thereby lowering the percentage you are taxed at, and save you money.
The Child Tax Credit is one of the most straight forward tax credits that are available for Americans of all tax brackets. First enacted in 1997 and expanded in 2001, this credit has helped offset the cost of raising an eligible child under the age of seventeen.
Ever wonder what would happen if you just skipped out on filing your taxes? You get your paperwork back from your employer, either in the mail or through e-mail, and just think too yourself, ugh, not again. I don't want to go through this hassle again. So you just let the task fade back to a darker corner of your mind, and forget about it.
If you own real estate in the United States, you know all about property taxes. And it stands to reason that you feel each and every time you pay that you might be paying too much. Ever wonder if you can proactively get your property taxes lowered? The simple answer is you can, if you are willing to put in a little effort.
Tax Late Filing Penalties News & Opinion Articles
|Thu Mar 15, 2018 | money.cnn.com|
If you miss the filing deadline for your federal income taxes, you could be hit with penalties and interest if you still owe money to the IRS.
|Wed Apr 08, 2015 | marketwatch.com|
Over the years, our beloved Congress has dreamed up lots of penalties to punish tax scofflaws. Here are four expensive penalties that taxpayers can easily avoid.
|Mon Apr 06, 2015 | consumeraffairs.com|
You just realized that you're going to have to send Uncle Sam some of your hard earned money to settle up your taxes. The Internal Revenue Service (IRS) s
|Wed Mar 18, 2015 | cpapracticeadvisor.com|
The IRS is reminding taxpayers that it’s easier than ever to pay their taxes electronically, and for those who can’t pay on time, quick and easy solutions are available.
|Sat Apr 11, 2015 | bankrate.com|
You've put off filing for 3 1/2 months, but any more procrastination could cost you. So don't just sit there.
Actually, do sit there just a bit longer. Stick with...
Tax Late Filing Penalties Videos
|Fri Jan 18, 2019|
There is a common misunderstanding about how tax brackets work in the US, and it’s causing us to have...
|Sun Mar 15, 2009|
File late taxes by using the same forms that are used for regular tax filings and then contacting the IRS...