Anybody can make mistakes, especially with something as complex as taxes, but the IRS code still levies penalties on inaccurate tax returns. This makes it important to be aware of common inaccuracies and how to avoid them.RELATED: What Is A Levy On A Bank Account And How Does It Work?In this article:IRS Negligence Penalty Penalty for Negligence or Intentional …Continue Reading
Self-Employment Tax Guidelines To Remember To Avoid Penalties
Let the Tax Relief Center clear any of your confusion on self-employment tax by answering key questions about this tax obligation.RELATED: Self-Employment Taxes: Things To Watch Out ForIn this article:What Is Self-Employment Tax? Who Pays Self-Employment Tax? What Are My Tax Obligations If I’m Self-Employed? What Is the Self-Employment Tax Rate for …Continue Reading
What Is A Levy On A Bank Account And How Does It Work?
If you've often wondered, "What is a levy on a bank account?" (and are worried about how it could affect you), here are all the facts you need to know.RELATED: What Is A Tax Levy? | Everything You Need To KnowIn this article:What Is a Levy on Bank Accounts? How Does the Bank Levy Process Work? Are There Exceptions to These Rules? How Does the IRS Track a …Continue Reading
What Is An IRS Tax Offset And How Do You Recover It?
You’ll put yourself in the perfect position to defeat an impending tax offset by understanding what it is and what action you can take once you receive a Notice of Intent to Offset in your mailbox.RELATED: Where Is My Federal Tax Refund? What To Do If You Don’t Receive ItIn this article:What Does Tax Offset Mean? What Is the Difference Between Tax Offset Vs Tax …Continue Reading
Can You Go To Prison For Not Paying Taxes?
Here's what taxpayers need to know about not paying taxes and the possibility of serving time.RELATED: 9 IRS Penalties You Could Be Facing After An AuditIn this article:How Does the IRS Ensure the Success of Their Collection Efforts? How Does the IRS Penalize Those Who Are Not Paying Taxes? What Options Are There for Taxpayers to Resolve Unfiled or Unpaid …Continue Reading