Posts Tagged ‘IRS tax penalties’

Can’t Pay Your Back Taxes? Get Tax Help to Make the IRS an Offer They Can’t Refuse

Wednesday, December 30th, 2009

I always say that the best negotiation advice is: Every one walks away a little “hurt.” Even if you can’t pay your back taxes, a Certified Tax Resolution Specialist who is a tax attorney or CPA, can give you the help you need to settle your debt including negotiating a reasonable monthly payment plan or an offer in compromise settlement that pays a fraction of what is owed.
When fighting
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IRS Imposes Tax Penalties on Individual Who Failed to Pay Taxes on Full Income

Tuesday, August 25th, 2009

For self-employed taxpayers whose taxes are not automatically deducted by their employer, it is especially important that they stay on top of their tax returns to avoid IRS penalties. Income from interest and proceeds due to real estate and stock sales are considered taxable income. If you receive money from your real estate or stock sales and do not report these revenues as taxable income, you are inviting yourself
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