Sentences with phrase «penalty and interest assessments»

Provide conflict resolution initiatives while researching taxpayers» accounts, computing tax liability, calculate penalty and interest assessments, and explain payment options and installment agreements, and protect taxpayer rights.

Not exact matches

Promotional documents for syndicated deals always acknowledge the risk of an IRS audit, which can result in an assessment for back taxes, interest, and stiff penalties.

Income tax or corporate net worth tax must be paid by the prescribed due date to avoid the assessment of late payment penalties and interest.

An unfavorable audit will likely result in some portion of the distributions being reclassified as earned income for federal income tax purposes, which results in a deficiency assessment (i.e., a tax bill), interest on those unpaid taxes, and IRS penalties.

Filing tax returns (for the period of your service, plus 180 days after you last day there; the extension period will also include the 46 days that were left before the Tax Day deadline when you entered the combat zone; during your 226 - day extension period, assessment and collection deadlines will be extended and you won't be charged penalties or interest connected to the extension period)

Peter has worked for his clients, amongst other areas, on assessments, exemptions, input tax deduction and partial exemption, single / multiple supplies, claims for overpaid tax (including time - limits, unjust enrichment and interest), penalties, place of supply, registration, security requirements, unfair treatment of taxpayers, zero - rating, and avoidance.

Successfully petitioned Tax Court and settled proposed assessment of tax, penalties and interest in excess of $ 500,000 relating to compensation payments made to disabled firefighters.

After being slapped with an assessment for $ 228,000 in GST, plus interest and penalties, the firm appealed to the Tax Court of Canada.

You shall further indemnify us against all reasonable costs, expenses and any penalty, fine or interest incurred or payable by us in connection with or in consequence of any such liability, deduction, contribution, assessment or claim.

A post-divorce tax audit can also lead to an assessment of penalties and interest.

(iv) requiring the real estate council to collect the fees, assessments, penalties and interest charges and to pay them to the superintendent;

requiring the real estate council to collect the fees, assessments, penalties and interest charges and to pay them to the superintendent;

A single mistake in the preparation of the legal documentation could result in the disallowance of your 1031 Exchange transaction by the Internal Revenue Service, and the subsequent recognition by you of the depreciation recapture and capital gain income tax liabilities along with interest and penalty assessments by the Service.