Self-employed taxpayers should familiarize themselves with IRS audit triggers to avoid a costly tax audit through prudent actions.RELATED: How To Avoid Taxes Through The Mortgage Forgiveness Debt Relief ActIn this article:Who Does the IRS Consider as Self-Employed? What Are the Proper Business Deductions for Self-Employed Taxpayers? What Are IRS Audit …Continue Reading
Federal Taxes
IRS Penalties: Tax Evasion, Tax Fraud, And Other Tax Crimes
Tax evasion penalties motivate taxpayers to dutifully pay taxes every year. To learn more about the serious legal consequences of evading taxes, read on.RELATED: Can You Go To Prison For Not Paying Taxes?In this article:Civil Penalties for Fraudulent Failure to File Taxes Criminal Penalties for Fraudulent Failure to File and Pay Taxes Tax Fraud Penalties …Continue Reading
IRS Penalty Calculator: Breaking Down Your IRS Late Fees
Fees and penalties can eat up your savings, so knowing and using an IRS penalty calculator can save you time, effort, and money.In this article:What Are the IRS Late Fees? How Are IRS Late Fees Calculated? How Can I Use an IRS Penalty and Interest Calculator Correctly? What Do I Do After Calculating My Late Fees? When Do You Use an IRS Payment Plan Form? …Continue Reading
13 Types Of IRS Audit Letters And What Each Means
Received an IRS audit letter? No need to panic. Here's all you need to know about the different types of IRS audit letters.RELATED: What To Do If You're Flagged For A Tax AuditIn this article:Notice of Audit and Examination Scheduled IRS Letter 531 IRS CP2000 IRS Letter 950 IRS Letter 525 IRS Letter 692 IRS Letter 915 IRS Letter 3391 IRS …Continue Reading
What Happens During A Trust Fund Recovery Penalty Form 4180 Interview?
Filling out a Form 4180 can be difficult due to the complexities as well as the subject matter since the IRS treats the trust fund as a grave matter.RELATED: How To Avoid Taxes Through The Mortgage Forgiveness Debt Relief ActIn this article:What Is the Trust Fund Recovery Penalty? How Much Is the Trust Fund Recovery Penalty (TFRP)? How Does the IRS Proceed …Continue Reading
