Seeking clarity on the IRS negligence penalty? This article serves as a guide to protect you and your business. RELATED: Tax Penalty For Underpayment [2019 Edition] In this article: What Is an IRS Negligence Penalty? How Much Is an IRS Negligence Penalty Amount? What Is the Difference Between Negligence and Substantial Understatement? What Reasons Can I Use … [Read more...]
What Happens If You Don’t File Your Taxes For 5 Years Or More?
Need to know what happens if you don’t file your taxes for more than 5 years? We have listed the possibilities below for you. RELATED: How to Negotiate with the IRS In this article: How Long Can You Go Without Filing a Tax Return? Can You Go to Jail for Not Filing a Tax Return? Do I Have to File My Taxes Every Year? What Happens When a Person Fails to File … [Read more...]
What To Do When You Can’t Make This Month’s IRS Installment Payment
If current financial setbacks hinder you from making your IRS installment payment this month, here are the options available to you. RELATED: IRS Penalty Calculator: Breaking Down Your IRS Late Fees Options to Consider for Your IRS Installment Payment Plan Installment Payment Plans Offered by the IRS If you have made an installment agreement with the IRS, you probably … [Read more...]
What Is Capital Gains Tax?
Capital gains tax is a concept every taxpayer needs to be familiar with for proper taxation of investments and assets. In this article: What Is Capital Gain? What Is Capital Gains Tax? Do I Have to Pay Capital Gains Tax? When Is Capital Gains Tax Paid? What Is the Difference Between Long Term Capital Gains Tax and Short Term Capital Gains Tax? How Can I … [Read more...]
Best Of 2018 On Tax Relief Center
As the year closes, let's go over some of the things we talked about this past year that empowered and helped us to become better and more responsible taxpayers. In this article: Top Articles Top Videos Top Infographics Top Articles of 2018 1. What Can You Write Off on Your Taxes Do you wonder what can you write off on your taxes? There are indeed … [Read more...]