how to avoid the failure-to-file penalty Archives

Owe Taxes but Can’t Pay?
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Owe Taxes but Can’t Pay?

IRS, IRS Video, Personal Taxes, Planning Strategies, Tax Payments, Tax Tips, Taxes, Videos, YouTube

Owe Taxes but Can’t Pay?

Are you putting off filing your tax return because you owe money but can't pay? You shouldn't. The IRS can help you if you're having trouble paying all the taxes you owe at once - but you must take action. Here's what you need to do: First, before the tax deadline, either file your tax return [...]

cozbycpa2023-04-17T12:06:19-04:00April 17th, 2023|Categories: IRS, IRS Video, Personal Taxes, Planning Strategies, Tax Payments, Tax Tips, Taxes, Videos, YouTube|Tags: best accountant in Plymouth MA, Cozby & Company, CPA Heather Cozby, how to avoid the failure-to-file penalty, income tax payment options, installment agreement, IRS payment options, offer in compromise|

Taxpayers Should File Their Tax Return on Time to Avoid Costly Interest and Penalty Fees
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Taxpayers Should File Their Tax Return on Time to Avoid Costly Interest and Penalty Fees

IRS, Personal Taxes, Planning Strategies, Tax Extensions, Tax Payments, Tax Tips, Taxes

Taxpayers Should File Their Tax Return on Time to Avoid Costly Interest and Penalty Fees

This article was published by the IRS. Taxpayers should file their tax return by the deadline even if they cannot pay their full tax bill. Taxpayers who owe tax and don't file on time, may be charged a failure-to-file penalty. This penalty is usually five percent of the tax owed for each month, or part of [...]

cozbycpa2022-04-20T11:05:07-04:00April 20th, 2022|Categories: IRS, Personal Taxes, Planning Strategies, Tax Extensions, Tax Payments, Tax Tips, Taxes|Tags: Cozby & Company, CPA Heather Cozby, how to avoid the failure-to-file penalty, interest on underpayments and overpayments with the IRS, Plymouth MA CPAs, what to do if you can't pay your taxes on time|