For any law-abiding citizen, paying taxes is a duty because it’s the primary way to help their country’s economy. For this reason, many people ensure that they pay their taxes. While this isn’t a problem for most people, some have difficulty paying...
Not all penalties are created equal, and this unequal treatment applies to penalty abatements as well. However, both the penalty for failure to file and the penalty for failure to pay are subject to penalty abatement. What is Penalty Abatement? Penalty abatement is a...
According to the IRS, roughly 10 million Americans fail to submit their federal income tax returns each year. Taxpayers fail to submit their tax returns for various reasons; some just delay; others do not comprehend their filing needs; and, in rare cases, taxpayers...
The tax season is upon us. In weeks, we would be filing our income tax returns. Remember that things may not be as bad, especially if you can avail tax relief. You might be excited to learn about tax relief solutions, but you should be careful when applying for one....
Taxes for small businesses can be confusing, especially for new business owners. However, it is best to remember that there are many options for tax relief. This article will guide you through tax relief options that you may know of. Small Businesses vs. Self-Employed...
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