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Tag: Penalties

Can I Go to Jail for Past-Due (Delinquent) Taxes?

Past-due taxes

Past-due (delinquent) taxes create a stressful situation for taxpayers who fall behind or file late.  Liens, wage garnishment, and fines only increase anxiety for those behind on their taxes.  To make matters worse, there is a question of an even bigger punishment for delinquent taxes: Can you go to jail for falling behind on taxes?

What is Penalty Abatement and How Does it Work?

IRS tax penalty relief

Are you late filing or paying your taxes? Are you concerned about penalties? Has the IRS contacted you about late taxes? If you answered yes to any of these questions, you are not alone.  Late filing or payment of taxes typically causes severe penalties from the IRS.  However, certain circumstances can cause the IRS to… Read more »

How to Reduce Your Payroll Tax Penalties

payroll tax penalty

Failure to submit payroll taxes to the IRS can result in penalties against you and your business.  If you have a valid reason as to why the taxes were not paid, the federal agency may consider waiving or reducing your penalties.  With the guidance of your tax attorney, you can try to get your penalties… Read more »

Penalties for Not Turning Trust Fund Taxes Over to the IRS

trust fund tax penalties

When you pay your employees, you are not paying them all of the money they earned.  Instead, you are responsible for withholding part of their income for taxes.  These can include income taxes and FICA (Social Security and Medicare). Your employees trust that this money – referred to as trust fund taxes – goes to… Read more »

When Seeking IRS Penalty Abatement, What Qualifies as Reasonable Cause?

If you are facing penalties from the IRS for paying or filing your taxes late, you have some options to get those assessments removed.  Reasonable cause is one method to getting penalty abatement. Learn more about reasonable cause and how to qualify for it.

IRS Penalties You Can Face for Unpaid Payroll Taxes

unpaid payroll taxes

As an employer, you are required to pay employment taxes to the IRS for each of your employees.  Failure to do this can result in penalties from the IRS. Find out what taxes you should be paying to the IRS, what penalties can result from unpaid taxes, and how an attorney can help.

What Penalties You May Face for Criminal Tax Evasion

criminal tax evasion and penalties

Failing to file your tax returns and paying the IRS what you owe can result in tax evasion.  This is considered a serious crime and come with severe consequences. Take a closer look at what is considered tax evasion, what penalties the IRS can assess to offenders, and why you need a tax attorney to… Read more »