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Tax Penalties

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IRS May Charge Penalty If You're In One of These Categories, Report Says IRS May Charge Penalty If You're In One of These Categories, Report Says
IRS May Charge Penalty If You're In One of These Categories, Report Says Some Americans may find unexpected items in their mailbox as the IRS levies certain tax penalties against them if they find themselves in one of several categories, according to a new report. According to fool.com, individual taxpayers, business owners, and those who entrust their finances to others could face potential penalties for these infractions: Individual Taxpayers Failure to file: A penalty is levied for those who fail to file their taxes each year; Failure to pay: Those who owe the IRS money after filing and fail to pay may also be financially dinged; Inaccurate return: Those w…

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by Zak Failla