It's not hard to miscalculate employee tax withholding, especially if you do the calculations without the help of a software program. The rates may have changed without your knowledge – rates change at the first of every year, but there have been ...
This penalty is equal to 5 percent of the additional taxes owed amount for every month (or fraction thereof) your return is late, up to a maximum of 25 percent. Previously, the minimum penalty for failing to file a return within 60 days of the due date ..
The Internal Revenue Service says that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2016, as they were in the previous quarter.
There is one tax saving approach we can always assist our clients with, and that is educating them about tax penalties. What follows is a list of the most punitive tax penalties along with simple tips on making sure your clients are never ...