tax penalties Archives | Crabb Tax Services https://crabbtaxservices.com Experience, Integrity & Personal Service Mon, 01 Jul 2019 08:14:21 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.2 The Marriage Tax Penalty, Post-TCJA https://crabbtaxservices.com/the-marriage-tax-penalty-post-tcja/ https://crabbtaxservices.com/the-marriage-tax-penalty-post-tcja/#comments Sun, 23 Jun 2019 19:14:19 +0000 https://crabbtaxservices.com/?p=2357 The law known as the Tax Cuts and Jobs Act (TCJA) addressed the individual tax rate bracket structure's previous contribution to a marriage tax penalty by equalizing married filing jointly tax amounts with those of two single individuals combined (each with half the amount of taxable income of the joint filers), up to the bottom threshold of the highest tax bracket.

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]]> https://crabbtaxservices.com/the-marriage-tax-penalty-post-tcja/feed/ 1 Didn’t Pay Your Taxes? Here’s What the IRS Can Do to You https://crabbtaxservices.com/didnt-pay-your-taxes-heres-what-the-irs-can-do-to-you/ https://crabbtaxservices.com/didnt-pay-your-taxes-heres-what-the-irs-can-do-to-you/#respond Sun, 28 Apr 2019 18:23:30 +0000 https://crabbtaxservices.com/?p=2238 You don’t want to play chicken with the Internal Revenue Service. Tax season is over, and the vast majority of taxpayers have filed their returns and paid any outstanding taxes they owed. But for a significant number of people, paying

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]]> https://crabbtaxservices.com/didnt-pay-your-taxes-heres-what-the-irs-can-do-to-you/feed/ 0 Alert: IRS waives penalty for many whose tax withholding and estimated tax payments fell short in 2018 https://crabbtaxservices.com/irs-waives-penalty-for-many-whose-tax-withholding-and-estimated-tax-payments-fell-short-in-2018/ https://crabbtaxservices.com/irs-waives-penalty-for-many-whose-tax-withholding-and-estimated-tax-payments-fell-short-in-2018/#comments Wed, 16 Jan 2019 21:41:36 +0000 https://crabbtaxservices.com/?p=1664 WASHINGTON — The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.

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]]> https://crabbtaxservices.com/irs-waives-penalty-for-many-whose-tax-withholding-and-estimated-tax-payments-fell-short-in-2018/feed/ 1 AICPA and NCCPAP ask IRS to suspend tax penalties https://crabbtaxservices.com/aicpa-and-nccpap-ask-irs-to-suspend-tax-penalties/ https://crabbtaxservices.com/aicpa-and-nccpap-ask-irs-to-suspend-tax-penalties/#comments Tue, 15 Jan 2019 05:10:52 +0000 https://crabbtaxservices.com/?p=1657 The American Institute of CPAs and the National Conference of CPA Practitioners are separately asking the Internal Revenue Service to refrain from imposing underpayment and under withholding penalties on taxpayers in response to some extensive changes in the Tax Cuts and Jobs Act.

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