Monday, December 5, 2016

Instances When the IRS Might Forgive and Forget – Accountingweb.com


Accountingweb.com


Instances When the IRS Might Forgive and Forget
Accountingweb.com
The IRS slaps stiff penalties on tardy taxpayers who miss the deadlines for filing returns or making payments. To get the feds to waive a penalty, a taxpayer has to convince them that the delay was “due to reasonable cause and not due to willful neglect.”.

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