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Did you forget to pay your taxes this year, or worse, forget to file? Although there may be legitimate reasons why you failed to meet the tax deadline, the IRS will impose tax penalties until you get back on track or pay your tax debt in full. Even if you did file and pay on time, there could be penalties assessed if your return contained errors or your payment was rejected. Depending on your situation, here are some of the IRS penalties you could face.
The IRS offers tax penalty relief for people who were unable to pay their taxes because of unforeseen circumstances and other reasons. If you’re due a refund and did not file, the failure-to-file penalty is automatically waived. For those who have not paid their taxes, there are three types of tax penalty relief available:
Don’t let IRS penalties get out of hand. Contact Tax Defense Network today. We can help you manage your tax debt and keep the penalties from adding up.
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