In this issue, I’m going to tell you how to incur IRS penalties of up to 47.5% and face a full-scale IRS audit.
What’s that? You don’t want to pay massive penalties and undergo a full-scale IRS audit?
Then be sure to file your tax return on time!
If you’re even thinking about filing late or not filing at all, I urge you to spare yourself some terrible pain and read my new article titled Tax Tips: Big Mistake: File Your Tax Return Late.
Three ways our fact-filled article can help you:
- You’ll learn the first thing that happens when you miss the filing date. Be aware that the IRS will notice. And as a result you’ll get a “come on down and bring all your records” letter. No fun. We’ll tell you how to stay out of trouble when you read the full article.
- We’ll tell you about the first penalty you’ll face. When you file late, you automatically trigger the big 5%-a-month tax penalty. Ouch! Get all the facts when you read the full article.
- We’ll explain the ins and outs of the second penalty you must pay. More bad news. You’ll probably also have to fork up the “failure to pay” penalty which can cost plenty. You’ll learn how you may be able to dodge these penalties when you read the full article.