Free Tax Tips

Posts Tagged ‘account’

A taxing situationWith the new IRS, coming forward is the best option for late filers, non-filers, and delinquent …

NATICK, MASSACHUSETTS… By April 15, 2010, 84 percent of Americans filed their tax returns on time. That means 16 percent didn’t. That omission translates to a figure somewhere near $345 billion in taxes owed to the U.S. Treasury Department.

How to get IRS penalty abatement on back taxes

Deductible Versus Nondeductible IRA Contributions

The type of contribution you make affects your tax bill when you withdraw the money or convert the account to a Roth.

How to Get Rid of IRS Penalties – IRS Penalty Abatement

Question: i am writing an abatement letter to convince the IRS.?

There was a transition two years ago resulting to neglecting sending our tax return. I replaced the old controller and due to my busy schedule 2 years ago. I forgot to send the tax return. I need all your help to give me ideas to convince the IRS to lessen our penalties. Thanks
can you link a template to me too or a sample letter. thanks

Answer: You may wish to peruse Topic 653 from the IRS website regarding the Failure To File [FTF] penalty. Click on the first link below to pull up an Adobe copy you can save or print.

You submit the claim for abatement utilizing Form 843. Click on the second link for a copy of the form and the next link for a copy of the instructions.

G'Luck...

Mike Womack
Zero Degrees Tax LLP
Moore, OK

Don't Get Scammed on Your Tax Refund

Itching to get your due from Uncle Sam? There are plenty of folks -- legit and otherwise -- who will happily promise to help you get a faster or bigger refund. My advice? Don't fall for any of the come-ons, no matter how tempting they sound.

How to get IRS penalty abatement on back taxes