Tag Archives: penalty

Options for Taxpayers Who Owe Taxes

Posted in Foster Tax Tips by Michael Foster on April 17, 2014

If you owe taxes but can’t pay in full, the IRS has options for you. Most importantly, make sure you file your tax return and pay as much as you can. Then let the IRS help you choose your best option to pay. Here are some options to consider,...

Eight Facts about Penalties for Filing and Paying Late

Posted in Foster Tax Tips by Michael Foster on April 17, 2014

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April 15 is the tax day deadline for most people. If you’re due a refund there’s no penalty if you file a late tax return. But if you owe taxes and you fail to file and pay on time, you’ll usually owe interest and penalties on the taxes you pay...