federal staff owe more than .5 billion in unpaid taxes
The delinquency rate was three.1 percent for the 9.eight million employees and retirees incorporated in the data. That's down from three.three % the previous year. The IRS compiles information every yr on unpaid taxes through federal employees. the info does now not embody employees …
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Las Vegas, Nevada (PRWEB) March thirteen, 2015
The March 16 industry tax extension is only a few days away, however thanks to FileLater.com, an organization that specializes in helping companies get the tax extension they want, receiving an extension is now quicker, sooner, and more uncomplicated than ever.
“Getting the trade tax extension takes only a few steps, and we’re very happy to lend a hand and guide businesses throughout the course of,” stated Elizabeth Rosen, head of content material for FileLater puzzled. “With a tax extension, that you would be able to take your time and make sure that your tax return is correct and that you’ve got taken advantage of each tax benefit you are entitled to.”
the company spokesperson went on to point out that many business owners file for tax extensions annually as a subject in fact, just to verify they’ve the time they want.
FileLater, the corporate spokesperson noted, gives a secure online answer for companies in search of an IRS tax extension.
“In beneath 10 minutes, you can e-file an extension request to the IRS,” Rosen wired.
This yr’s closing dates are March sixteen for calendar year companies. that includes C- and S- corporations. The closing date to file is April 15 for most sole proprietorships, single-member LLCs, and partnerships.
If a industry fails to file its return on time and doesn’t request a tax extension, the penalties will also be hefty. in line with the IRS website, “when you file late and owe federal taxes, two penalties could observe. the primary is a failure-to-file penalty for late submitting. The 2nd is a failure-to-pay penalty for paying late. The failure-to-file penalty is normally 5 p.c of the unpaid taxes for each month or a part of a month that a tax return is late. The failure-to-pay penalty is generally zero.5 % per thirty days of your unpaid taxes.”
the corporate FileLater, which has BBB Accreditation A-Plus ranking, in keeping with Rosen, offers fast, simple, and stable services with an over 97 p.c approval charge.
FileLater is proud to be the first company on the net to provide both private tax extensions and industry tax extensions thru IRS e-file. As taxpaying americans, the founders of FileLater had struggled for years to fulfill the dreaded April 15 time limit for private profits taxes as well as the March 15 deadline for most trade profits taxes…and at last decided to do one thing about it.
FileLater was once developed so folks without tax expertise can prolong their tax closing dates with out involving a certified tax preparer.
Ted Cruz's phenomenally bad idea
The onerous part of calculating your tax obligation shouldn’t be multiplying your income by means of the related marginal tax rates, which you can do with a at hand IRS table; for many people, it's determining methods to measure earnings, and legit offsetting prices, in …
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IRS audit fee for individuals drops
Your chances of facing an IRS audit fee dropped to the bottom stage in at least a decade in 2015 and are anticipated to fall further this yr, according to new data america these days obtained from the nation's tax agency. The audit rate, the proportion of …
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