Penalties

Do You Owe Taxes to the IRS? Can You Afford the Tax Penalty?

Did you just learn that you owe taxes to the IRS this year? Can you afford the tax penalty on the money you owe to the IRS?

Nothing can be more stressful than finding out you owe the IRS when calculating your taxes, especially when you already are struggling financially. The issue of course, is even though you can’t pay the tax, you still must file your tax return by the deadline. And, if you owe money, and you don’t have it, you will face a tax penalty. More people hate tax time because of this!

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Wrong Tax Forms Issued – Massachusetts Retirees

Wrong Tax Forms were issued on January 21, 2016 to over 50,000 Commonwealth of Massachusetts Retirees. What happens if I file with the wrong tax forms? About 50,000 Commonwealth of Masachusetts retirees received the wrong tax … Read More

2016 Insurance Subsidy: Did you file your 2014 Tax Return?

Do not lose your insurance subsidy in 2016 just because you have not filed your 2014 tax return! If you are one of the over 1 million individuals who received an Obamacare health insurance premium subsidy … Read More