Civil Penalties Archives - Page 10 of 13 - FREE Yourself from IRS Problems

Shamsey Oloko January 27, 2016 Business Expense, Civil Liabilities, Civil Penalties, Representation, Trust Fund Recovery Penalty 0

PAYROLL TAX: THE TRUST FUND RECOVERY PENALTY

Employers must deduct taxes from their employees’ wages. Employers must make tax deposits and payments on time or they are subject to a Trust Fund Recovery Penalty (“TFRP”). To avoid the TFRP, employers must make sure that all employment taxes…

Shamsey Oloko January 18, 2016 Charitable Contributions, Civil Penalties, Deductions, Expenses Deductions, FICA, Form 1040, Frivolous Return Program, Social Security Benefits, Social Security Taxes, Tax fraud & evasion 0

SOCIAL SECURITY TAXES DEDUCTIONS

Is There A Right To A Refund Of, Or A Deduction For, Social Security Taxes Paid Based On The Fact That A Taxpayer Has Waived The Right To Receive Social Security Benefits Or Has Donated Social Security Taxes Or Benefits…

Shamsey Oloko January 12, 2016 Civil Penalties, Delinquent Taxes 0

I HAVENT FILED A RETURN IN LAST 6 YEARS. HOW CAN I CATCH UP?

It is estimated that 7 million taxpayers fail to file their tax returns each year, which is approximately 5% of all filers. The Internal Revenue Service released results of a study that indicated that the federal government loses $28 billion…