Getting IRS Penalties Reduced with Tax Penalty Abatement

March 20, 2015

The primary purpose of IRS penalties is to punish the taxpayer for failing to comply and to encourage voluntary compliance. Penalties therefore incurred from incorrectly filing taxes or filing them late can be costly to the U.S. taxpayer, such as the penalty for late filing of tax returns that can reach up to 25 percent….
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Businesses With Delinquent Payroll Taxes

March 8, 2015

All businesses that pay wages to its employees are required by law to deduct Medicare, social security, and federal income tax from the paychecks of its employees. The deductions from these paychecks, commonly referred to as trust fund taxes, are to be paid to the IRS on a semiweekly or monthly basis. Apart from the…
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