You have filed your returns but didn't have the money to pay
what was owed. You may think, "Oh well---I will catch up next year." Before you
know it you find yourself several years in arrears and suddenly
there is a notice from the IRS, stating that you owe
three or four times the original amount. It's truly amazing how fast tax penalties and interest add up. Now you have a choice, you can write a big fat check and pay the full amount, including interest and penalties. Or you can just keep ignoring them while the penalties and interest keep piling up. |
At Mossman Advisory Group, LLC, we've been serving the accounting and tax needs of South Florida, across the U.S., and internationally for years. I f you need help managing any aspect of your home or business's accounting, tax, or financial related matters, we want to hear from you.