Tuesday, August 21, 2018

Paying Corporate Taxes Late is No Joke.

The IRS is not known for its sense of humor.  Quite the opposite, they always demand their share whether it is now or later.  This is especially true with corporate taxes.  If you own a business the tax deadlines may be quite different than your personal taxes and you probably need a professional CPA to handle that for you.

Here are a few facts that you need to know –

1.  A failure-to-file penalty may apply if you did not file by the tax filing deadline.
2.  The failure-to-file penalty is generally more than the failure-to-pay penalty.
3.  That penalty starts accruing the day after the tax filing due date.
4.  If you requested an extension in a timely manner, you may not face a penalty.

All of these facts, and much more are a part and parcel of the daily routine of Michael Mathews.  He is a Las Vegas CPA and accountant who knows the ins and outs of what the IRS requests and expects from business owners in the Valley.  Make an appointment at his 2620 Regatta Dr. Suite 102 office by calling (702) 240-5237.

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