Ralph Nelson's Blog

Have you missed the payment deadline and have interest and penalty charges tacked on? It might be a nightmare, especially if your budget is tight. Fortunately, there are instances when penalties may be reduced or altogether eliminated.Here are four examples of such situations. reasonable-cause  s...

By Ralph Nelson, EA, Kenny Kim, EA, MDThe IRS imposes tax penalties, including interest, if the taxpayer does not file or pay the tax on time or misrepresents their tax liability. We want to discuss four of the most frequent tax penalties and what can be done to have them canceled or reduced.1. F...