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Tag Archives: Tax Penalty Relief
If You Receive an IRS Notice, Here’s What to Do
Each year the IRS sends millions of letters and notices to taxpayers. Although some people may feel anxious when they receive one, many are easy to resolve. Here’s what to do if you receive a letter or notice from the … Continue reading
Posted in IRS Letters
Tagged IRS Problem Help, IRS Relief, IRS Tax Problems, Tax Audit, Tax Penalty Relief, Tax Problem Solutions
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Voluntary IRS Correction Program can Help Avoid IRS Penalties
IRS is expanding its voluntary correction program for retirement plans. Sponsors of 403(b) plans can now participate. Under these procedures, employers that discover minor mistakes in their plans’ operations can report them to IRS, fix the errors and pay a … Continue reading
Posted in Tax Penalties
Tagged File Tax Return, IRS Penalty Abatement, IRS Problem Help, Penalty Abatement, Tax Penalty Relief, Tax Problem Solutions
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IRS Practice and Procedure Change: Penalties
In 2012, the IRS continued to pursue penalties to deter noncompliance. Since 2005, accuracy-related penalties assessed against individual taxpayers have increased 757%. In 2013, the IRS will continue to press for accuracy-related penalties in CP2000 under-reporter adjustments and audits. For … Continue reading
Posted in Tax Penalties
Tagged IRS Penalty Abatement, IRS Problem Help, IRS Tax Problems, Penalty Abatement, Tax Penalty Relief
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IRS Enforced Collection Actions
At Lefstein-Suchoff CPA & Associates, we are committed to providing useful information that helps those faced with a situation requiring tax help for: tax settlements, tax debt, back taxes, IRS tax debt, an IRS levy, IRS tax audits, Offer in … Continue reading
Posted in IRS Levy, IRS Payment Plans, Tax Levy
Tagged IRS Problem Help, IRS Tax Problems, Penalty Abatement, Penalty and Interest Abatement, Tax Penalty Relief, Tax Problem Solutions
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IRS Letters: They May be Right, They May be Wrong
There are many reasons why the Internal Revenue Service could be contacting you. Some contacts involve very minor corrections; some are for serious changes that could involve a lot of money. Sometimes the IRS is correct in what they are … Continue reading
IRS Penalties: Part 4 of 4
The Internal Revenue Code imposes many different kinds of penalties, ranging from civil fines to imprisonment for criminal tax evasion. These penalties are designed to foster compliance. Penalties are generally payable upon notice and demand. Penalties are generally assessed, collected … Continue reading
IRS Penalties: Part 3 of 4
The Internal Revenue Code imposes many different kinds of penalties, ranging from civil fines to imprisonment for criminal tax evasion. These are designed to foster compliance. Penalties are generally payable upon notice and demand. Penalties are generally assessed, collected and … Continue reading
IRS Penalties: Part 2 of 4
The Internal Revenue Code imposes many different kinds of penalties, ranging from civil fines to imprisonment for criminal tax evasion. These are designed to foster compliance. Penalties are generally payable upon notice and demand. Penalties are generally assessed, collected and … Continue reading
IRS Penalties: Part 1 of 4
The Internal Revenue Code imposes many different kinds of penalties, ranging from civil fines to imprisonment for criminal tax evasion. Penalties are generally payable upon notice and demand. Penalties are generally assessed, collected and paid in the same manner as … Continue reading
IRS Penalty Abatement
The IRS assesses various penalties, including those for late filing of tax returns and late payments of taxes. These penalties effectively punish taxpayers for noncompliance. Fortunately, there are relief provisions that can help eliminate or otherwise reduce penalties that have … Continue reading