Taxpayers must be aware of filing deadlines to avoid penalties from "summary" of Income Tax Fundamentals 2021 by Gerald E. Whittenburg,Martha Altus-Buller,Steven Gill
Taxpayers need to keep in mind the crucial aspect of filing deadlines when it comes to their taxes. Missing these deadlines can result in severe penalties that can significantly impact their finances. It is essential for individuals to be aware of when their tax returns are due to avoid facing these consequences. The Internal Revenue Service (IRS) has specific deadlines for different types of tax returns, such as individual income tax returns, corporate tax returns, and partnership tax returns. Failure to file by these deadlines can lead to penalties, which can include monetary fines or even legal actions taken against the ...
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