IRS Penalties and Interest The obligation to pay taxes becomes even more burdensome when accompanied by penalties and interest. The Internal Revenue Service (IRS) imposes tax penalties for various reasons, such as failure to file tax returns on time, inaccurate tax returns, or failure to pay owed taxes. If you find yourself facing an IRS
Penalties for Filing Late
IRS and FTB Penalties for Filing Late Taxes Should Your Accountant Neglect to E-file
Penalties for Filing Late Taxes The IRS and Franchise Tax Board (FTB) can charge penalties for filing late taxes or for the late payment of taxes. The penalties for filing late taxes and late payments charged by the IRS and FTB can be up to 25% of the tax owed. The penalties may be excused