The events in our lives happen in a sequence in time, but in their significance to us they find their own order the continuous thread of revelation. Every new beginning comes from some other beginning’s end. The year 2016 ended and there began 2017, as soon as 2017 began we had several taxes lined up. Only a couple of days before, that is on April 18th we all either filed our Personal Income Taxes or we did file for an Extension.
So any Tax payer thinks that they are done for the month of April with the Taxes, they are absolutely wrong. There are a series of Excise taxes and IFTA that are due in April by the End of the month.
Taxes that is due in April: Continue reading After Income Taxes, Now it’s Time for Excise Taxes & IFTA
If you are one among them who say, “It’s difficult to deal with IRS” or who feel stressed away with charges, then this is exactly for you. You often hear your mind chanting it when you are caught up with bills, penalties or interest by IRS. Let’s quickly explore the possible ways for IRS penalties reliefs in few seconds.
- As a general rule, you have to request IRS at once to eliminate tax penalty charges billed upon you. IRS also looks for some basic documentation while accessing your case.
- No standardized IRS form or confusing formats to fill your tax relief request. If you have valid documentation to substantiate for not filing or paying on time, write it down. Whatever that delayed your action! But not that you have been to honeymoon! Be as explicit as possible. So when IRS looks at your case, it is likely to deal your case quickly.
- For Example, IRS will remove your penalty without question if you could verify your family death, which stopped you from filing on time.
- Commit to memory that there is certain IRS penalty relief regulation for Internal Revenue Service to allow partially or completely waive your penalty charges.
- By default, check twice that you own all those photocopies which witness the communication between you & IRS, if possible originals & phone correspondence too.
In most cases, unless you show that the IRS made a glitch, you owe the amount of interest. Also remember IRS looks at interests and penalties separately. Penalties are bit easier than interest to eliminate. If you still deny penalties and interest, bankruptcy can merely help you, which can be applied only during extreme circumstances. So, why such trials? To avoid complication, file your taxes at Taxexcise in time. Give us a call at 1-866-245-3918 for any questions, no matter when!