The IRS imposes penalties and interest for delinquent taxes owed; however, the IRS will work with tax payers to mitigate these additional charges that increases their tax debt and overall debt burden, but only if you make the request.
Tax Records and Archives How Long to Keep Records and Receipts for Tax Purposes April 15 comes and goes and yet another tax year of tax forms and shoe boxes full of tax receipts has come and gone. However, what is to be done with those tax documents after your payment voucher, tax forms, and [...]
