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

Tax Filing Deadline is Coming

Tax filing deadline is coming-what to do if you can’t pay what you owe on April 18 Many people make the mistake of not filing when they think they cannot pay what they owe the IRS.  There are many reasons to file anyway, not the least of which is—it’s the law!  The penalties for fraud [...]

By |2016-04-08T15:03:10-05:00April 8th, 2016|Penalties, Uncategorized|0 Comments