Tax Problems – Page 10 – Fiducial Blog

More Relief from Failure-to-Deposit Employment Tax Penalties

May 28, 2021

An employer would typically be penalized for failing to deposit federal employment tax. Examples include deposits of withheld income taxes and FICA taxes.

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

May 17, 2021

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

March 15, 2021

The DOL announced the 2021 annual adjustments to civil monetary penalties for many benefits-related violations. Fiducial has the highlights!

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

March 5, 2021

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!

How to Address Rising Tax Problems During COVID-19

February 26, 2021

The COVID-19 pandemic will have tax implications many have not considered. This may mean paying additional income taxes that they had not planned.

What Happens if I Receive an IRS CP2000 Notice?

February 24, 2021

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.

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

November 2, 2020

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?

The Easiest Way to Survive an IRS Audit is to Get Ready in Advance

October 28, 2020

IRS audit rates are historically low, according to the latest data. However, that’s little consolation if your return is among those selected.