thefederalistpapers.org
Big IRS Change Could Cost Many Hard Working Tax Payers Thousands of Dollars
The Internal Revenue Service (IRS) is intensifying its approach towards taxpayers who underpay their estimated taxes making a huge leap in penalties. The IRS is increasing the interest penalty for underpayment to 8%‚ a significant rise from the 3% rate just two years prior. This change will take effect next spring. The penalty rate is…
The post Big IRS Change Could Cost Many Hard Working Tax Payers Thousands of Dollars appeared first on The Federalist Papers.
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