Tag: IRS penalties

It is important to file your 1099 & W-2 on time to avoid incurring penalties.  According to the General Instructions for Certain Information Returns the penalty applies if

It is important to file your 1099 & W-2 on time to avoid incurring penalties.  According to the General Instructions for Certain Information Returns the penalty applies if

There is a difference between failing to file your taxes on time and failing to pay your taxes on time.  The law provides that the IRS can assess