Tax Penalty

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

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

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