Daily Archives: May 7, 2009

What sort of penalties does the IRS have?

Posted on May 7, 2009 by Camron Hoorfar

Besides criminal penalties (discussed in an earlier post), the IRS also has the power to issue and assess civil penalties on taxpayers for various reasons.  The following is a list of the most common and most used civil penalties by … Continue reading →

Posted in Individual, Taxation | Leave a comment

Annual Tax Exempt Filing Requirement

Posted on May 7, 2009 by Camron Hoorfar

Now that April 15th has passed, most people are not thinking about taxes anymore or even dealing with the IRS.  However, tax exempt organizations are not out of the woods just yet.  Generally, all tax exempt organizations must file their … Continue reading →

Posted in Nonprofits | Leave a comment