Tax Penalties

Going Broke from Estimated Tax Penalties? Five Tips to Keep You Out of Hot Water with the IRS

Going Broke from Estimated Tax Penalties? Five Tips to Keep You Out of Hot Water with the IRS

For taxpayers who do not pay taxes throughout the year or underpay, they may face a large tax penalty when they file their tax returns. If you are going broke paying estimated tax penalties, working with a Maryland tax attorney to identify problems with your estimated tax payments could help eliminate those penalties.