Can’t Pay Your Taxes, What’s Next?

by | Jun 30, 2017 | Best Business Helps | 0 comments

All Premium Themes And WEBSITE Utilities Tools You Ever Need! Greatest 100% Free Bonuses With Any Purchase.

Greatest CYBER MONDAY SALES with Bonuses are offered to following date: Get Started For Free!
Purchase Any Product Today! Premium Bonuses More Than $10,997 Will Be Emailed To You To Keep Even Just For Trying It Out.
Click Here To See Greatest Bonuses

and Try Out Any Today!

Here’s the deal.. if you buy any product(s) Linked from this sitewww.Knowledge-Easy.com including Clickbank products, as long as not Google’s product ads, I am gonna Send ALL to you absolutely FREE!. That’s right, you WILL OWN ALL THE PRODUCTS, for Now, just follow these instructions:

1. Order the product(s) you want by click here and select the Top Product, Top Skill you like on this site ..

2. Automatically send you bonuses or simply send me your receipt to consultingadvantages@yahoo.com Or just Enter name and your email in the form at the Bonus Details.

3. I will validate your purchases. AND Send Themes, ALL 50 Greatests Plus The Ultimate Marketing Weapon & “WEBMASTER’S SURVIVAL KIT” to you include ALL Others are YOURS to keep even you return your purchase. No Questions Asked! High Classic Guaranteed for you! Download All Items At One Place.

That’s it !

*Also Unconditionally, NO RISK WHAT SO EVER with Any Product you buy this website,

60 Days Money Back Guarantee,

IF NOT HAPPY FOR ANY REASON, FUL REFUND, No Questions Asked!

Download Instantly in Hands Top Rated today!

Remember, you really have nothing to lose if the item you purchased is not right for you! Keep All The Bonuses.

Super Premium Bonuses Are Limited Time Only!

Day(s)

:

Hour(s)

:

Minute(s)

:

Second(s)

Get Paid To Use Facebook, Twitter and YouTube
Online Social Media Jobs Pay $25 - $50/Hour.
No Experience Required. Work At Home, $316/day!
View 1000s of companies hiring writers now!

Order Now!

MOST POPULAR

*****
Customer Support Chat Job: $25/hr
Chat On Twitter Job - $25/hr
Get Paid to chat with customers on
a business’s Twitter account.

Try Free Now!

Get Paid To Review Apps On Phone
Want to get paid $810 per week online?
Get Paid To Review Perfect Apps Weekly.

Order Now
!
Look For REAL Online Job?
Get Paid To Write Articles $200/day
View 1000s of companies hiring writers now!

Try-Out Free Now!

How To Develop Your Skill For Great Success And Happiness Including Become CPA? | Additional special tips From Admin

Expertise Expansion is without a doubt the number 1 significant and chief issue of attaining a fact accomplishment in all professions as you watched in our culture and also in Globally. So fortunate enough to discuss together with you in the next regarding what precisely productive Talent Development is; the best way or what options we perform to attain goals and at some point one is going to operate with what whomever really loves to conduct every daytime for a 100 % lifestyle. Is it so superb if you are confident enough to improve competently and find achievement in what precisely you believed, focused for, encouraged and did wonders hard just about every single afternoon and without doubt you come to be a CPA, Attorney, an operator of a large manufacturer or even a medical doctor who could hugely play a role wonderful guidance and values to some people, who many, any culture and town without doubt shown admiration for and respected. I can's believe that I can guide others to be finest high quality level who seem to will bring about serious products and comfort valuations to society and communities in these days. How joyful are you if you grown to be one just like so with your own personal name on the label? I have got there at SUCCESS and get over most of the hard sections which is passing the CPA exams to be CPA. Also, we will also deal with what are the risks, or various other issues that might be on ones own manner and the way I have personally experienced all of them and will certainly demonstrate to you learn how to address them. | From Admin and Read More at Cont'.

As the October extension deadline approaches to file individual tax returns many Americans find themselves face-to-face with an uncomfortable reality: owing taxes they are unable to pay.  Some did not have enough taxes withheld from their paychecks.  Others didn’t realize how much of their social security would be taxable.  Many are business owners who have a “paper-profit” but are stuck in the cash-poor mire of a reboundless recession. 

Regardless of the reason they owe back taxes, all face a common dilemma that includes the prospect of interest, penalties, and the vast collective resources of the federal government.  Today I’ll discuss the interest and penalties the IRS imposes on unpaid taxes and why it is important to file your tax return – especially when you owe a tax liability.  I will also share a few circumstances under which the IRS may remove assessed penalties. 

Interest: The IRS adds interest to past-due balances on a daily basis.  The interest rate used is determined every three months and is benchmarked by adding 3% to the federal short-term interest rate.  Due to an unusually low federal short-term rate, the IRS interest rate applied to underpayment of taxes is currently 3%.  It has remained at 3% since October of 2011.

Late-Payment Penalty:  The IRS also imposes two penalties on past due individual return balances.  The first is the late-payment penalty.  The late-payment penalty is one-half of one percent (0.5%) of the outstanding tax balance and is assessed each month or part of a month taxes remain unpaid up to 25% of the unpaid tax.  The late-payment penalty increases to one percent (1%) if taxes remain unpaid ten days after a Notice of Intent to Levy (a notice that the IRS plans to take property to satisfy a tax obligation) is filed.  The penalty is reduced to one quarter of one percent (0.25%) if the original return was filed by the due date and an installment agreement has been established.

Late-Filing Penalty: The late-filing penalty is equal to five percent (5%) of any unpaid tax.  It is assessed each month or part of a month a return is not filed passed the due date up to 25% of the unpaid balance (five months).  If a return is over 60 days late the minimum penalty is $135 or the tax due, whichever is smaller. 

Importance of Filing: There is a tendency for those who owe taxes to make the very costly mistake of not filing their returns by their due date.  Simply filing their return, even if it shows a tax due, will avoid the late-filing penalty and save 25%. 

At current IRS interest rates, simply filing the return before the deadline and requesting a payment plan for the balance due will be the same as taking out a loan with an annual interest rate of approximately 6%.  On the other hand, filing over five months late and not requesting a payment plan will cost 9% annually plus the 25% late-filing penalty to any balance due.

Removing Interest and Penalties: There are a number of circumstances under which interest and penalty may be removed by the IRS.  Unfortunately, however, it is the responsibility of the taxpayer to petition the IRS for their removal. 

Interest is the most difficult assessment to have removed and is generally only abated as the result of: 1) An IRS administrative delay, 2) It was assessed on a balance due caused by an erroneous, IRS generated refund, or 3) It was assessed during a period in which an extension was allowed due to a region being a presidentially declared disaster area. 

The IRS may remove late-filing and late-payment penalties if the failure to file or pay was due to “reasonable cause,” not intentional neglect.  What is deemed “reasonable cause,” however is quite limited and can include: 1) Destruction of the taxpayer’s home or business, 2) The taxpayer being absent from their “tax home” for reasons beyond their control, or 3) The death or illness of the taxpayer or an immediate family member. 

In this article we have discussed the interest and penalties imposed on delinquent individual taxes and the importance of filing your income tax return by its due date.  If you should have any questions or need assistance preparing your return or solving your own tax “problems” please feel free to contact our office to speak with a tax professional. 

amzn_assoc_placement = “adunit0”;
amzn_assoc_enable_interest_ads = “true”;
amzn_assoc_tracking_id = “acallresite-20”;
amzn_assoc_ad_mode = “auto”;
amzn_assoc_ad_type = “smart”;
amzn_assoc_marketplace = “amazon”;
amzn_assoc_region = “US”;
amzn_assoc_linkid = “01358b91be20242b95628fb5fe5ad2ab”;
amzn_assoc_fallback_mode = {“type”:”search”,”value”:”Today Deals”};
amzn_assoc_default_category = “All”;
amzn_assoc_emphasize_categories = “1064954”;
Source

Send your purchase information or ask a question here!

3 + 10 =

Welcome To Knowledge-Easy Management Sound Tips and Thank You Very Much! Have a great day!

From Admin and Read More here. A note for you if you pursue CPA licence, KEEP PRACTICE with the MANY WONDER HELPS I showed you. Make sure to check your works after solving simulations. If a Cashflow statement or your consolidation statement is balanced, you know you pass right after sitting for the exams. I hope my information are great and helpful. Implement them. They worked for me. Hey.... turn gray hair to black also guys. Do not forget HEALTH? Competence Progression might be the number 1 very important and chief element of obtaining true achievements in all of the professions as one experienced in the population and additionally in Globally. And so fortunate to talk about with you in the soon after concerning exactly what powerful Skill level Development is;. the correct way or what strategies we perform to accomplish wishes and in due course one can perform with what the person delights in to perform just about every single time of day just for a entire living. Is it so great if you are in a position to produce effectively and locate achievements in whatever you thought, planned for, self-disciplined and been effective very hard any working day and definitely you turn out to be a CPA, Attorney, an owner of a massive manufacturer or quite possibly a medical doctor who can extremely bring about good guidance and valuations to other individuals, who many, any contemporary culture and city obviously admired and respected. I can's believe that I can allow others to be best high quality level who will lead important systems and help valuations to society and communities now. How completely happy are you if you grow to be one such as so with your personal name on the headline? I have landed at SUCCESS and triumph over all the very hard locations which is passing the CPA exams to be CPA. Additionally, we will also take care of what are the disadvantages, or various other complications that is perhaps on a person's method and the way in which I have privately experienced them and will probably demonstrate you tips on how to beat them.

0 Comments

Trackbacks/Pingbacks

  1. situs togel terbesar - ... [Trackback] [...] Information to that Topic: knowledge-easy.com/cant-pay-your-taxes-whats-next-2/ [...]

Submit a Comment

Business Best Sellers

 

Get Paid To Use Facebook, Twitter and YouTube
Online Social Media Jobs Pay $25 - $50/Hour.
No Experience Required. Work At Home, $316/day!
View 1000s of companies hiring writers now!
Order Now!

 

MOST POPULAR

*****

Customer Support Chat Job: $25/hr
Chat On Twitter Job - $25/hr
Get Paid to chat with customers on
a business’s Twitter account.
Try Free Now!

 

Get Paid To Review Apps On Phone
Want to get paid $810 per week online?
Get Paid To Review Perfect Apps Weekly.
Order Now!

Look For REAL Online Job?
Get Paid To Write Articles $200/day
View 1000s of companies hiring writers now!
Try-Out Free Now!

 

 
error: Content is protected !!