The IRS: Penalties, Interest, and Other Charges
Article Abstract:
Interest and penalty provisions for failure to file tax returns have become costly. If tax returns are not filed on time, tax deductible interest is charged and civil penalties are incurred. If nonpayment is on purpose, tax fraud charges ensue. Conditions which warrant the IRS to assess penalties are outlined. Penalties are nondeductible.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1984
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File your tax return on time: penalties can be devastating
Article Abstract:
Various penalties levied by the IRS for failing to file the tax returns are listed. It is suggested that the heavy penalties could ruin the individuals or the companies.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
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