What are the Penalties for Failing to file Federal Tax Returns?
Release Date: 12/29/2015
The IRS Solution Attorney
The IRS just released the 2027 tax numbers: a bigger standard deduction and higher brackets. If you owe the IRS, the number that matters is the new balance you could create next year, because it can cost you your payment plan or your offer in compromise. This week on IRS Monday, Tax Attorney Darrin Mish covers: The 2027 standard deduction, brackets and other numbers, and why a new balance can end your payment plan or offer in compromise Surprise adoption credit refunds, and why the IRS can keep yours if you owe The IRS FIRE system closes November 19: what businesses that file 1099s need to do...
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The IRS just reported a record $5.6 trillion collected and bigger, faster refunds. Its report said nothing about the people who owe. This week on IRS Monday, Tax Attorney Darrin Mish covers: The IRS report card for fiscal year 2026, and what it leaves out Form 941: the third-quarter payroll return is due Monday, November 2, and why unpaid payroll taxes can follow you personally Fake tax credits the IRS is warning about, and the red flags Watch on YouTube: Read the transcript: Get IRS Monday in your inbox: Owe the IRS? Call 813-229-7100 or visit getirshelp.com. Law Offices of Darrin T....
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If you adopted a child, the IRS may be sending you money right now. You don't have to ask for it, but if you owe the IRS, you may never see a dime of it. Tax Attorney Darrin Mish covers four IRS stories from this week and what each one means for you: Automatic adoption credit refunds, up to $5,000 per child for 2025, with no amended return Why you should get your IP PIN before the online tool goes down in mid-November ICRS, the IRS's new program to fix certain IRA mistakes, including missed 60-day rollovers Proposed premium tax credit rules with tighter eligibility checks for marketplace...
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If you live in the Florida Panhandle or southern Alabama, your October 15 tax deadline moved to February. Tampa, Orlando, and Miami got nothing. And if you owed the IRS in April, the storm didn't buy you a single extra day on that bill. This week on IRS Monday, Tax Attorney Darrin Mish covers: Hurricane Isaias tax relief: 27 Florida counties and 40 Alabama counties get until February 2027, and what the relief leaves out What the IRS says it owes you when you can't pay The new IRS and UK partnership that rewards tips on hidden foreign bank accounts Watch on YouTube: Read the transcript: ...
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If you filed an extension back in April, your 2025 return is due Thursday, October 15, and there is no second extension. An extension gave you more time to file, not more time to pay. In this episode, I explain why not filing because you can't pay is the most expensive mistake in this business: the penalty for not filing is ten times the penalty for not paying, and filing on time is what gets you the cheaper payment plan rate. Also this week: the IRS launched a new official app that replaces IRS2Go and puts your balance, payments, notices, transcripts, and identity protection PIN on your...
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The IRS lost roughly a quarter of its exam and collection workforce in a single year, and audits dropped. So why did collection revenue go up 17 percent? Because automated collection notices don't need a human being. A computer sees an unpaid balance and sends letter after letter, all the way to a levy. If you owe the IRS, the part that's chasing you runs on autopilot. Also this week: the CP53E notice that confused about 4.2 million people about their refunds, and the free Identity Protection PIN that shuts down most tax identity theft. This week's takeaway: open your IRS mail, log...
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As bad as it is having to pay your own taxes, the IRS could come after you to collect on someone else's tax bill. It's true, and that's the topic of today's show. Tune in, to learn more!
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Updated 9/15/17 -The IRS is now offering expanded relief to any area designated by FEMA as qualifying for either individual assistance or public assistance in the State of Florida. This represents all 67 counties of Florida. All of Georgia also qualifies. Learn all about in this episode of the IRS Solution Attorney.
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Hurricane Irma is probably the last thing you thought would be beneficial, but in this podcast the IRS Solution Attorney shares his insight on the positive outlook of Hurricane Irma and how YOU can take advantage of it!
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info_outlineOn this episode the IRS Solution Attorney Darrin T. Mish goes over eight important points about the different penalties you may face if you file or pay late.