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Posts Tagged ‘irs late filing penalty’

What is Penalty Abatement?

October 20, 2014  |   Tax Advice,Tax News   |   Tags: , ,  

Owing a tax debt to the IRS is headache enough. Penalties make resolving a tax debt seem like fighting an uphill battle. A tax debt that might have been paid off with a bonus or an extra job during the holiday season can suddenly seem impossible to ever pay back when the following is added onto them: Failure to File Penalties ranging from 5% to 25% of the tax debt of that particular tax return Failure ...