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Monday, August 25, 2008

Tax Payment Options

by taxnick on August 25, 2008

There are various options for payment of an outstanding federal income tax liability. Since your balance is subject to interest and monthly late payment penalty, it is in your best interest to pay in full as soon as you can to minimize the additional charges. Penalties are also assessed for failure to file a tax [...]

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What to do if you Haven’t Filed your Tax Return

by taxnick on August 25, 2008

You may not have filed your federal income tax return for this year or previous years. Regardless of your reason for not filing, file your tax return as soon as possible.
If your return was not filed by the due date (including extensions), you may be subject to the failure to file penalty, unless you have [...]

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