IRS Penalties
Licensed CPA & CFE in Diamond Bar, Los Angeles County
IRS debt can add up fast. There’s a failure to file penalty, interest on the taxes that are late, and the taxes themselves. The failure to file penalty can be as much as 25 percent, so that’s a debt you don’t want to have pile up on you.
- Filing back tax returns will stop the failure to file penalty and is the first step on the road back to compliance for you.
- Please be cautious in this area: there are many unscrupulous companies on the internet that advertise tax representation services to relieve penalties. If it’s too good to be true, it probably is. We also discourage you from representing yourself, since trained professionals who know the ropes and the red tape can often get a better outcome for their clients.