Made a Mistake on Your Tax Return - What Happens Now?

Made a Mistake on Your Tax Return - What Happens Now?

Generally speaking, tax return mistakes are more common than you probably realize. Taxes have grown complicated and COVID tax relief has made many changes.
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Penalty Notice sign

More Relief from Failure-to-Deposit Employment Tax Penalties

An employer would typically be penalized for failing to deposit federal employment tax. Examples include deposits of withheld income taxes and FICA taxes.
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Do You Owe Taxes and Can't Pay by the Due Date?

Do You Owe Taxes and Can't Pay by the Due Date?

What do you do if you end up owing money on your taxes? The IRS encourages you to pay the full amount by imposin penalties and interest on late payments.
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2021 Penalties for Health Benefits and Other Employer Plans

The DOL announced the 2021 annual adjustments to civil monetary penalties for many benefits-related violations. Fiducial has the highlights!
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Beware: These Tax Return Red Flags Could Trigger an Audit by the IRS

Beware: These Tax Return Red Flags Could Trigger an Audit by the IRS

Taxpayers can avoid audits if they know the specific red flags that trigger them. Fiducial can help! Here's our list of red flags that lead to an audit!
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How to Address Rising Tax Problems During COVID-19

How to Address Rising Tax Problems During COVID-19

The COVID-19 pandemic will have tax implications many have not considered. This may mean paying additional income taxes that they had not planned.
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What Happens if I Receive an IRS CP2000 Notice?

What Happens if I Receive an IRS CP2000 Notice?

There are few things that can send a chill down your spine more than mail from the IRS. If you open the mail to find a CP2000 notice inside, don’t panic.
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What Happens if I Missed the October 15th Tax Extension Deadline?

What Happens if I Missed the October 15th Tax Extension Deadline?

With the hustle and bustle, you realize that the October 15th tax extension deadline has passed. And you still haven’t filed. What should you do now?
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