Did you file your tax return late or not at all? Are you behind in paying your taxes? Failing to file a tax return or pay on time can result in penalties as well as interest on the amount you owe. Fortunately, you may be able to reduce or avoid IRS penalties. This is
New York takes sales tax liability seriously. It devotes significant resources to ensuring that businesses properly track, collect, and pay sales tax to the government. When a business fails to do that, the state enforces the law using a variety of tools at its disposal, including the following: Collection action against income and assets.
There is no shortage of celebrities convicted of tax evasion. Just this month, Chrisley Knows Best stars Todd and Julie Chrisley were indicted on multiple counts of conspiracy, bank fraud, wire fraud, and tax evasion. The Chrisleys’ accountant was also indicted on tax-related offenses. Separately, Chase Chrisley was hit with a federal tax lien. The IRS contends Chase owes almost $17,0000 in taxes
Have you failed to file a tax return or underpaid your taxes to New York State? New York’s Voluntary Disclosure Program can help you. The Program is designed to entice taxpayers back into the system by allowing non-filers and under-filers to come forward and avoid criminal prosecution and steep late filing and late payment penalties.
The IRS assesses millions of penalties against taxpayers each year in an effort to encourage voluntary compliance with the tax law. Penalties may be based on the failure to pay tax when due, failure to timely file a tax return, substantial inaccuracies in tax filings, or some other noncompliance with the tax law. Occasionally,
