JACKSONVILLE, FL, July 21, 2012 (Press-News.org) Tax Defense Network consults hundreds of taxpayers monthly whose tax debts have grown significantly because of penalties. There are many ways to get the penalties and interest removed. Tax Defense Network brings you information about IRS penalties that can help taxpayers avoid and resolve them.
Taxes that are not filed by their deadline incur penalties of 5 percent of the debt every month for a maximum of 5 months. Tax Defense Network suggests taxpayers file for an IRS extension if they are not able to file their return on time.
Taxpayers who understate their taxes substantially may be charged penalties. Tax Defense Network explains that the amount in penalties depends on the amount of taxes understated.
If the difference between what the taxpayer filed and the actual tax figure is more than 10 or $5,000 on an individual return, it is considered a substantial underpayment by the IRS. To avoid penalties, Tax Defense Network advises taxpayers to file their return correctly.
There are exceptions when penalties are not charged by the IRS in cases of non-compliance. These exceptions are called reasonable causes. Determining whether or not a reasonable cause exists depends on various factors and circumstances. Tax Defense Network notes that the IRS examines any reason taxpayers provide to determine whether they are in conjunction with the IRS' guidelines or not.
Tax Defense Network advises approximately 4,000 taxpayers monthly, with millions in back taxes owed to the IRS, and most are ballooned by penalties the IRS applies while the taxpayer is without a resolution. Tax Defense Network believes that all taxpayers should seek the most beneficial arrangement with the IRS to pay back their tax debt.
Tax Defense Network is "A" rated with the Better Business Bureau, and a member of the Jacksonville Chamber of Commerce and Dunn and Bradstreet. Incorporated since 1997, Tax Defense Network aims to help Americans eliminate their tax debt through information and education.
For more information on Tax Defense Network, and its debt relief services, please visit http://www.taxdefensenetwork.com/pr or call (888) 605-5657 for a free consultation. For other inquiries, contact kara.nuckles@taxdefensenetwork.com
Tax Defense Network Explains IRS Penalties
Tax Defense Network consults hundreds of taxpayers monthly whose tax debts have grown significantly because of penalties. Tax Defense Network brings you information about IRS penalties that can help taxpayers avoid and resolve them.
2012-07-21
ELSE PRESS RELEASES FROM THIS DATE:
Distracted Driving: Deadly Issue in Louisiana
2012-07-21
Common sense tells us that taking our eyes off of the road while driving is dangerous behavior. When a driver is focused on a cell phone, cheeseburger or GPS navigator, he or she is unlikely to recognize risks on the road. When a driver fails to pay attention, the road is a more dangerous place, and a wandering child, a worker in a construction zone or an upcoming stop sign regulating a busy intersection can quickly turn into a tragic scenario.
New Distractions
As new technology becomes available, new driver distractions emerge. Cell phones have become a major problem ...
Penalties for Operating Under the Influence in Massachusetts
2012-07-21
Massachusetts sets severe penalties for those convicted of Operating Under the Influence of Alcohol. Depending on a driver's age and prior OUI record, the state may suspend the driver's license for a significant period of time, and the driver may face fines and jail time.
If pulled over under suspicion of OUI, drivers may be asked to consent to a breathalyzer or chemical breath test. In 2005, a state law significantly increased the penalties for declining a test, including a license suspension for at least 180 days. Younger drivers and drivers with prior OUI records ...
New Jersey Gov. Christie Criticized for Use of Foreclosure Funds
2012-07-21
Affordable housing advocates in New Jersey are criticizing Gov. Chris Christie's plans to use $75 million in foreclosure settlement money to fill budget gaps rather than invest the funds in housing programs, several news outlets reported recently. The state received the funds as part of a nationwide settlement with several major mortgage lenders over the so-called "robo-signing" foreclosurescandal that erupted in 2010.
The funds in question are a portion of approximately $800 million that New Jersey received in the foreclosure settlement in early 2012, stemming ...
How Wage Garnishment Works in Ohio
2012-07-21
It is not a pleasant experience to have wages withheld by an employer due to a court order, but it can happen to anyone who is struggling to pay debt. Ohio law allows wage garnishment, which is the legal method used to collect money a person owes by taking the money directly out of the person's paycheck.
Wage garnishment can be obtained if a judge finds that the debtor is legally obligated to pay money to a creditor. The judge will then issue a court order that will direct the debtor's employer to withhold part of the debtor's pay and that money will be applied toward ...
A Couple's Fight Against High Wedding Costs Turns Into A Unique Small Business
2012-07-21
Fort Lauderdale, Florida - It was 2007, a year littered with news of financial meltdowns and economic collapse. It was also the year Dennis and Sylvia Lai decided to get married.
The modest couple felt firsthand the impacts of a toppling economy - the real estate market in Florida plummeted, taking the couple's real estate equity with it. But love was to conquer all. They envisioned a stylish wedding can still be had with a small budget using a secret weapon: their creativity.
In the months before the couple's wedding in 2008, they struggled to find fun, unique and ...
Lou Sansevero Earns CDPE Designation to Help Homeowners in Danger of Foreclosure
2012-07-21
Lou Sansevero of RE/MAX Alliance Group has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance, with a particular emphasis on short sales. At a time when millions of homeowners are struggling with the possibility of foreclosure, the skills and education amassed by Sansevero will help benefit local residents and communities.
Short sales allow the distressed homeowner to repay the mortgage at the price that the home sells for, even if it is lower than what is owed on the property. ...
Villa San Ramon Receives 2012 Best Of San Ramon Award
2012-07-21
For the fifth consecutive year, Villa San Ramon of Vintage Senior Living, a family of vibrant retirement communities, has been selected for the 2012 Best of San Ramon Award in the Retirement Communities & Homes category by the U.S. Commerce Association (USCA).
The USCA "Best of Local Business" Award Program recognizes outstanding local businesses throughout the country. Each year, the USCA identifies companies that they believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance ...
Giving Green on the Green - Dixon Golf Donates $125,000 to Charity in First Half of 2012
2012-07-21
Dixon Golf, manufacturers of the first high performance eco-friendly family of golf balls, announced today that they have donated more than $125,000 to charity in the first half of 2012.
"Giving back is at the core of what Dixon Golf does. When we started the company, we wanted to make a ball that was better for the environment. We achieved that. Step two was to give back to the community by donating to all the wonderful charities that help so many people," said Dixon Golf CEO William Carey.
Through the Dixon Challenge, a fun and innovative par-3 game, Dixon ...
European Waterways Maintains Highest Standards With Upgrades and New Offerings
2012-07-21
An on-going program of upgrades and refurbishments to many of its hotel barges, as well as new amenities for guests, have helped make European Waterways Europe's largest and most successful luxury hotel barge cruising company in the industry, recognized for their commitment to maintaining the highest standards of comfort and service for their customers.
Among the latest amenities are a fleet of air-conditioned Mercedes minibuses in France, which transfer guests from central Paris to European Waterways' Burgundy barges, La Belle Époque, L'Art de Vivre, L'Impressionniste ...
2012 Memphis Hip Hop Expo Accepting Performance Submissions
2012-07-21
The inaugural Hip-Hop Weekend & Expo, is now accepting submissions for rappers, singers, dancers and more for the Hip-Hop Expo and Trade Show portion of the event scheduled to take place Labor Day weekend, September 1 and September 2 at the Memphis Cook Convention Center in Downtown Memphis, TN.
The 2nd Annual Memphis Hip-Hop Weekend & Expo which takes place from August 30 through September 3, 2012, is a weekend celebration of hip hop culture and benefits active and emerging artists, musicians and entertainers with this one-of-a-kind event. The Memphis Hip-Hop ...
LAST 30 PRESS RELEASES:
Dicamba drift: New use of an old herbicide disrupts pollinators
Merging schools to reduce segregation
Ending pandemics with smartwatches
Mapping consensus locations for offshore wind
Breakthrough in clean energy: Palladium nanosheets pave way for affordable hydrogen
Novel stem cell therapy repairs irreversible corneal damage in clinical trial
News article or big oil ad? As native advertisements mislead readers on climate change, Boston University experts identify interventions
Advanced genetic blueprint could unlock precision medicine
Study: World’s critical food crops at imminent risk from rising temperatures
Chemistry: Triple bond formed between boron and carbon for the first time
How a broken bone from arm wrestling led to a paradigm shift in mental health: Exercise as a first-line treatment for depression
Alarming levels of microplastics discovered in human brain tissue, linked to dementia
Global neurology leader makes The Neuro world's first open science institute
Alpha particle therapy emerges as a potent weapon against neuroendocrine tumours
Neuroscience beyond boundaries: Dr. Melissa Perreault bridges Indigenous knowledge and brain science
Giant clone of seaweed in the Baltic Sea
Motion capture: In world 1st, M. mobile’s motility apparatus clarified
One-third of older Canadians at nutritional risk, study finds
Enhancing climate action: satellite insights into fossil fuel CO2 emissions
Operating a virtual teaching and research section as an open source community: Practice and experience
Lack of medical oxygen affects millions
Business School celebrates triple crown
Can Rhizobium + low P increase the yield of common bean in Ethiopia?
Research Security Symposium on March 12
Special type of fat tissue could promote healthful longevity and help maintain exercise capacity in aging
Researchers develop high-water-soluble pyrene tetraone derivative to boost energy density of aqueous organic flow batteries
Who gets the lion’s share? HKU ecologists highlight disparities in global biodiversity conservation funding
HKU researchers unveil neuromorphic exposure control system to improve machine vision in extreme lighting environments
Researchers develop highly robust, reconfigurable, and mechanochromic cellulose photonic hydrogels
Researchers develop new in-cell ultraviolet photodissociation top-down mass spectrometry method
[Press-News.org] Tax Defense Network Explains IRS PenaltiesTax Defense Network consults hundreds of taxpayers monthly whose tax debts have grown significantly because of penalties. Tax Defense Network brings you information about IRS penalties that can help taxpayers avoid and resolve them.