Are There Penalties For Filing Late?

Tax Calendar Note

Information return reporting requirements have been in place for many years, but the IRS has recently become stricter when it comes to enforcement. Penalties for late filing have been significantly increased, and you could now be hit with a $200 fine for a late or non-filed 1099.

For further questions about Phoenix new business accounting, please contact Singer Tax & Accounting, PC today at (602) 482-8006.

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