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MISSED THE FILING DEADLINE?

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Missing a deadline can happen to anyone. Don't stress! Our expert Tax Pros are in your corner and ready to help.

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YEAR-ROUND SERVICES

Our tax season lasts all year

Many of our locations are open year-round with Tax Pros ready to help with late returns, amended returns, tax questions, and other tax issues you may have.

 

If you filed an extension, you had until October 15, 2021 to file your tax return. 

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Learn about IRS late filing penalties

IRS Penalty Relief: Which Type Is Right for You?

We all know that the IRS assesses millions of dollars in penalties from taxpayers every year, but many people are not aware that the IRS also offers penalty relief for those eligible. It is important to understand what your obligations are to the IRS and the right penalty relief options there are for your particular situation. For example, you may have late payment penalty, which means you didn’t pay your taxes by the due date of the tax return, generally April 15, but May 17 for 2020 returns. There are many different types of penalties but here we will explore the types of penalty relief options offered by the IRS.

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How to Use the IRS’ First Time Penalty Abatement Waiver

Like perfect attendance in school, good behavior is often rewarded in many situations including dealings with the IRS. However, instead of additional free time or less homework, the IRS is more likely to waive relevant penalties and fees provided their qualification requirements have been met. A First Time Penalty Abatement Waiver is one such example of the IRS rewarding good taxpayer behavior, and for those who qualify, a substantial portion of their penalty can be waived as a reward for past compliance and an incentive to continue acting honestly in dealings with the IRS.  There’s only one catch: this benefit can usually only be used once.

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