The Many Roads the IRS uses to Asses Penalties

Most taxpayers are well aware of the IRS’s power to assess penalties and interest for non-payment of taxes due.  What most taxpayers don’t understand is all the potential penalties that may be imposed, nor do they know how these penalties may be abated. The...

Planning for the End of the Year

Those who make quarterly tax payments should know that a payment is due September 15.  This is because of the end of the Federal fiscal year on September 30th.  This is also a significant time for short-range planning.  We will soon be entering the...

What is the IRS Fresh Start Initiative

Anyone who listens to the radio or watches television has heard adds referring to the “new” IRS Fresh Start Initiative.  If you were to enter IRS Fresh Start Initiative in a search engine, you would be surprised what you will see in the results.  None of the...