Watch Out for Tax Penalties

Article Highlights:
 

• Underpayment of Estimated Tax and Withholding Penalty
• Required Minimum Distribution Penalty
• Late-Filing Penalty
• Late-Payment Penalty
• Negligence Penalty
• Fraud Penalty
• Dishonored Check Penalty
• Missing ID Number Penalty
• Early Withdrawal Penalty
• Penalty for Failure to Report Tips
• Foreign Reporting
• Excessive Claim Penalty
• Accuracy-Related Penalty for Non-itemizers
• Frivolous Return Penalty
• Penalty for Failure to File Information Returns

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