The (not so) Skinny on IRS Penalties and Interest
Here are the events that will cause you a tax penalties:
Under estimate and late payment penalties;
Late income tax return penalties;
Accuracy related penalties;
Late information return penalties;
100% penalties on unpaid withholding taxes (payroll);
Penalties for failure to provide foreign information;
Excise taxes with the effect of penalties;
Tax fraud penalties;
Tax adviser penalties...
Have I missed any? Let me know if I have. We have become a culture of taxed people, and we accept this from the IRS as business as usual. What many don't realize is just how easy it is to get penalties (and the interest associated with those penalties) abated, i.e. forgiven, in many circumstances. Nearly half of all penalty abatement requests are granted. Watch my video on this page to learn more. Break free from crushing IRS penalties today by calling Oklahoma lawyer, Travis Watkins, today at 405-607-1192.