Tax penalties
If you need help with the tax penalties you’ve acquired, contact us, Premier Tax Service, to help you settle these and any additional debts you may have with the IRS.
A Serious Matter
What are Tax Penalties?
Tax penalties consist of the amount of money the IRS fines you when you don’t file your taxes on time or don’t pay on time, among other things. Tax penalties are no laughing matter, as they can add up very quickly, and in some cases, end up exceeding the amount of original tax debt you owe.
Extensive List
list of tax penalties
The IRS has an extensive list of tax penalties that they reap upon taxpayers, including:
Underestimate and late payment penalties
Penalties for failure to timely file returns or timely pay tax
Accuracy related penalties
Penalties in connection with information returns
Penalties on unpaid withholding taxes
Penalties for failure to provide foreign information
Excise taxes as penalties
Tax fraud penalties
Tax adviser penalties
