Tag Archives: Penalty Abatement

IRS posts “Taxpayer Bill of Rights”

Posted on 07/10/2014 by Sandy Suchoff

The IRS has just issued a “Taxpayer Bill of Rights” that you should be aware of. The Rights are divided into ten main categories. According to this “cornerstone” document you have The Right: *  to be informed *  to quality … Continue reading →

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Voluntary IRS Correction Program can Help Avoid IRS Penalties

Posted on 03/12/2013 by Sandy Suchoff

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 →

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IRS Practice and Procedure Change: Penalties

Posted on 02/28/2013 by Sandy Suchoff

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 →

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IRS Enforced Collection Actions

Posted on 01/22/2013 by Sandy Suchoff

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 →

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IRS Penalty Abatement

Posted on 12/12/2012 by Sandy Suchoff

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 →

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Failure to File or Pay Penalties: Eight Facts

Posted on 11/10/2012 by Sandy Suchoff

The number of electronic filing and payment options increases every year, which helps reduce your burden and also improves the timeliness and accuracy of tax returns. When it comes to filing your tax return, however, the law provides that the … Continue reading →

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