The Importance of Avoiding IRS Penalties

IRS penalties- avoid them at all costs. Business owners who filed extensions have a short time left to file their corporate returns, due on September 15. The penalty for late filing of S-Corp returns is $195 per month per shareholder. Even though the S-Corp passes through any income taxes to the owner, it can be [...]

By |2018-10-11T02:50:23-05:00August 1st, 2017|IRS, Penalties, Scams|1 Comment

Big changes are likely at IRS

For those who have been procrastinating in solving their IRS problems, now is the time to act. With President Trump taking over in January, there will be changes at the IRS.  A new Treasury Secretary is likely, along with new policies for tax administration and for non-filers, collections, and audits. For the past eight years [...]

By |2016-11-30T10:58:18-05:00November 30th, 2016|Affordable Care Act, IRS|0 Comments