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Tax Penalties and Interest

Tax penalties are incurred for late filing, late payment, or incorrect filing of tax forms. The revenue authorities have the authority to level fines to encourage compliance with the system of voluntary reporting. Often, if the problems are accidental and…

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31 in this archive

Tax Deadlines Reminder!
Deadlines and Updates

Tax Deadlines Reminder!

Stay informed! Learn key tax deadlines, file on time, and consider extensions wisely. Don't miss out on essential tax season tips.

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Filing a Previous Year’s Tax Return
#TaxTipTuesday

Filing a Previous Year’s Tax Return

I will discuss how and why to file taxes for a previous year. Filing and paying taxes may not be thrilling, but ignoring them leads to costly IRS penalties and interest. So, if you want to learn more about this topic, keep reading.

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IRS Penalties
Quickies with Bette

IRS Penalties

The IRS always sends a written notice in the mail explaining the reason for the penalty, the amount you owe, and what steps you need to take next. But wait, before you take any action, make sure to check that the information provided is correct. Yes, even the IRS can make mistakes sometimes!

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IRS Debt
Quickies with Bette

IRS Debt

I will discuss ways to pay off IRS tax debt. Unpaid tax debts can affect us greatly, and these come from penalties and interest. While people fall behind on filing and paying their taxes for many reasons, the stress of how you will pay doesn’t have to be one of them. 

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Audit: What Is It?
Quickies with Bette

Audit: What Is It?

Hi, I’m Bette Hochberger, CPA, CGMA, and today I will explain how an IRS audit works and how to prevent one. When dealing with taxes, the word “audit” is definitely something you do NOT want to hear. So, if you want to learn more about this important topic, stay tuned. If you don’t know what […]

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Extension to File Your Taxes
Quickies with Bette

Extension to File Your Taxes

Hi everybody. I’m Bette Hochberger, CPA, CGMA. Today I’m going to talk about extensions. We have the saying, “An extension of time to file is not an extension of time to pay.” This makes perfect sense to accountants and probably sounds like a bunch of gibberish to everybody else.   During tax season, many people […]

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