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Did You Know

Top 5 Secrets the IRS Doesn't Want You To Know

 

TAX SECRET #1
FILE ALL IRS REQUIRED TAX RETURNS ON TIME! 

This might sound brain-dead simple, but when people don’t have the money to pay their taxes, a large percentage of taxpayers delay and do not make the IRS filing deadline.  Even if you don’t have the total amount due, send a $1.00 and file your taxes on time!

So many people do not realize that the IRS charges you a penalty of up to 25% FOR JUST FILING YOUR TAX RETURNS LATE. That’s right, 25% of what you owe. This includes Individual tax returns and payroll tax returns.

What people do not know is if they file their tax returns on time they can avoid the 25% penalty even if they do not send in the money, which is owed on their tax returns.  Sending “as much as you can” is better than nothing and shows a little good faith.  But definitely do not “not file” …the IRS doesn’t forget and they will come back to contact you later and you’ll owe a lot more.

More Secrets......


 

WELCOME TO BYTHEBOOKACCOUNTING.COM

The practice of accounting is more than crunching numbers… it is accurate compilation of financial information designed to provide the entrepreneur with a blueprint of business success.

Here at By The Book Accounting, this is our specialty, and the mission of our dedicated team of professionals: that is, to utilize our experience, expertise and integrity to provide the highest level of customer care, the best product and support services, at the most competitive prices possible… we take the aggravation out of accounting for you, so you can concentrate on growing and prospering your business.

We offer a wide array of tax and accounting services designed to help you make your vision become a reality. Our services are customized for the busy service professional. We invite you to follow the links to see how we can help your business meet its goals.

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Internal Revenue Service
Georgia
 
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