When April 15 is round the corner, it becomes a really stressful time for the tax payers. Paying of tax is imperative for one and all. Hence there are also the fixed norms pertaining to the same as formulated by the IRS. And it is not just paying tax which is important, it is likewise important to Pay taxes on time. So there are basically three types of problem which the tax payers accompany. In order to guide the individuals herein provided are some solutions for the same.

If you haven’t paid tax on time due to some sort of problem in the process but you can actually afford for the tax then you can file an extension for the same. For this you will be required to utilise the Form 4868. The form will be able to extend the deadline to the month of October 15. However, if you are one of those who cannot afford to pay the taxes due to the inadequacy of money, then again it is important for you to file for the extension. It does not imply that you will not have to pay for the late fee. It on the other hand implies that IRS will penalize you for less late fee as compared to when you have not filed for the extension.

If you have missed the April 15 date for the first time you will not be charged for criminal tax liability. However if you continue to pursue the same procedure for many number of years then the IRS can deem it as the evasion of tax by you. It will thus allow IRS to open an investigation in context of this entire scenario. Hence it is advisable to go with the norms so as to avoid any sort of problems later financial or social.

Related Posts
Criminal Charges
Criminal law covers crimes, prosecution and defense. According to the rules and statutes written by Congress and state legislators, dealing with any criminal activity that causes harm to the general ...
READ MORE
Bankruptcy filling without an attorney
Within the 2005 legal guidelines, customers have to choose credit score guidance before submitting a new individual bankruptcy request. Consumers are also subjected to an easy method check, to determine ...
READ MORE
Roommate and late rent payment?
Living in a house or an apartment with a roommate can be fun, especially if that roommate is your friend. However, when your roommate pays rent late, your friendship might ...
READ MORE
Basics for Sole Proprietorship
Are you a writer or a photographer? Are you an individual who takes on jobs on a contract basis? Are you a freelance caterer who gets paid per booking? Or ...
READ MORE
Landlord duties
If you’re a new landlord you have to know that being one is no simple matter. Aside from the identity of you tenants, you also have to be aware of ...
READ MORE
Things a tenant should know about rental agreement
Rents are usually due on the first day of the month. But generally, rent payment depends on the agreement you have made with the landlord. It may be specified in ...
READ MORE
Divorce Legal Services
Divorce formally dissolves the legal marriage. The married couples do not have the constitutional rights to proceed for the divorce but the state laws permit the couples to divorce in ...
READ MORE
Driving license suspension: Know how your driving license can be suspended
Driving is not just a right, it is actually a privilege. A lot of people are not concerned about losing their license when they speed up and cross a stop ...
READ MORE
Help with divorce cost
Divorce is anyway not a very pleasant experience. And when you consider the emotional, physical and financial trauma two of them undergo, it is really tedious to deal with it. ...
READ MORE
Expenses in a DUI case
DUI case or Intoxicated driving is the act of working or generating an automobile while under the impact of liquor or medication to the level that psychological and engine skills ...
READ MORE
Criminal Charges
Bankruptcy filling without an attorney
Roommate and late rent payment?
Basics for Sole Proprietorship
Landlord duties
Things a tenant should know about rental agreement
Appearing in Divorce Court
Know how your driver license can be suspended
Help with divorce cost
Expenses in a DUI case