Category: Civil Tax Penalties
Penalty for Filing a False Tax Return
The penalty for filing a false tax return can be steep, and including monetary fines and prison time. Learn the risks of filing a false return.
Tax Evasion Penalty
The penalty for tax evasion is no joke. There are civil consequences (like fines and penalties) and criminal consequences (like prison time).
What are Fraudulent Transfer Statute of Limitations
The IRS has an extended statute of limitations to go after fraudulent transfers. This helps them collect past due tax debt.
Are penalties and interests tax deductible?
Unfortunately, IRS penalties and interest are not tax deductible. Learn about the different type of IRS penalties.
IRS Whistleblower Program
The IRS Whistleblower Program is a safe way to report those who violate tax laws – and you might get a reward for your information.
Trust Fund Recovery Penalty (TFRP) – Everything You Need to Know
The Trust Fund Recovery Penalty (TFRP) is an IRS priority enforcement area. Non-compliance can lead to penalties and even jail time.
Top IRS Audit Triggers for 2021
What increases your chances of getting audited? Learn about the IRS audit triggers that will put you on the IRS’s radar.
How Far Back Can IRS Audit – 2021 Updated
Normally the IRS has three years to audit. But in some cases they can go back six years – or even farther if they suspect fraud.