Taxpayers who take advantage of the filing extensions, but don’t pay their estimated taxes due, begin getting charged interest, compounded daily. “Many taxpayers are unaware that the filing extensions offered by the IRS apply only to the actual tax return filing, not the payment. The resulting interest and penalties make their tax debt grow to an amount that becomes difficult for the average American to pay off,” says Atyria Clark, Lead Attorney for StopIRSDebt.com.
The current interest rate is four percent per year, compounded daily to any payment made after April 18, 2011. Late payment penalties are usually .5 percent per month and apply to payments made after June 15, 2011. Says Clark, “Many of our clients had intentions of paying their taxes, but took advantage of the extension without making a payment. By not understanding the laws, they quickly found themselves unable to pay their tax debt and had to turn to us to negotiate a tax relief plan with the IRS on their behalf.”
As noted on the IRS site, “Please be aware that an extension of time to file your return does not grant you any extension of time to pay your tax liability.”
About StopIRSDebt.com - StopIRSDebt.com offers tax relief services for both state and federal tax debt. The team at StopIRSDebt has assisted thousands of customers and can service clients throughout the United States. From tax preparation to lifting wage garnishments, our team of tax professionals is ready to assist you. www.StopIRSDebt.com or 1-888-9-STOP-IRS
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Fiducial Business Centers, Inc., Hanover, proudly announce they have moved into their new building. The Hanover PA business community is invited to attend a Ribbon Cutting on August 9th @10:00am followed by Open House, Networking Event & Luncheon.
Fiducial's New Hanover BuildingPRLog (Press Release) – Jul 22, 2011 – The main "drag" in Hanover PA has a new addition. Fiducial Business Centers, Inc., Hanover Branch, recently moved into their new building on 1108 Baltimore St, Hanover PA. Fiducial welcomes the Hanover business community to a Ribbon Cutting Ceremony at 10:00 am Tuesday, August 9th. Fiducial will host an Open House immediately following the Ribbon Cutting Ceremony featuring a Business Networking Event and Luncheon. http://ht.ly/5Eqk7