4 Key Reasons You May Face Penalties from the IRS and How to Avoid Them

4 Key Reasons You May Face Penalties from the IRS and How to Avoid Them

The Internal Revenue Service (IRS) has warned taxpayers who do not fulfill their tax duties on time that they may face a penalty. In fact, there are four major reasons why a taxpayer may face a penalty, which you need to know about. First Reason: Not Filing Tax Returns on Time One of the most … Read more

Tax Season Alert: Simple Steps to Avoid $5,000 Filing Errors

Tax Season Alert: Simple Steps to Avoid $5,000 Filing Errors

Tax season is here, and making filing mistakes could cost you up to $5,000 in fines. The IRS is cracking down on errors, omissions, and fraudulent claims, meaning taxpayers need to be extra careful when submitting their 2024 tax returns. In this article, we’ll discuss:✔ Common tax filing mistakes that trigger penalties✔ Who is at … Read more