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Posts Tagged ‘florida’

Penalty Abatement of taxes

September 02, 2014  |   Tax News   |   Tags: , ,  

Ideally, cooperation with the IRS by filing and paying your taxes on time is advised for a tension and penalty free tax life, but if you haven’t, do not panic. Penalties can still be abated if you have a “reasonable cause”. The IRS files penalties for filing a tax return late and/or failing to pay taxes you owe by the deadline. Generally failure to file tax returns calls for a greater penalty than failure to ...