The Peck Group, LC
  • Comprehensive Tax Law Representation Since 1995

    We handle every aspect of tax law: preparing tax returns, representing clients during audits, resolving IRS and state tax controversies, and creating tax planning strategies for the future.

  • Problems With The IRS Or State Tax

    Our attorneys are committed to providing efficient and effective tax solutions for individuals and businesses in Georgia and nationwide.

  • Planning For The Future

    Our lawyers help individuals and businesses with all aspects of estate and tax planning. We help our clients use proactive strategies to minimize tax implications in the future

  • Changing The Balance Of Power

    Does it feel like the government has all the power? Taxpayers have rights, too. We use our knowledge of tax law to shift the balance of power and ensure that your rights are protected.

  • Tax Solutions … And Peace Of Mind

Common IRS tax penalties

Tax problems can have many significant ramifications for a person. For one, they could lead to tax penalties. There are a range of different things the Internal Revenue Service can issue penalties for. Today, we will go over some of the more common ones.

For one, taxpayers being late in filing their taxes generally triggers a penalty. This includes if they missed the initial filing deadline without being given an extension. It also includes if they were given an extension and then missed the extended filing deadline.

Also, taxpayers accused of not paying their taxes on time generally face penalties. There are penalties for failing to pay one’s taxes by the initial filing deadline (as a note, extensions generally just apply to the filing of taxes, not the paying of taxes). Another type of penalty some could face is a penalty for failing to pay an estimated tax.

There are also a range of miscellaneous situations that could result in tax penalties. One is if a check you used to pay a federal tax bill ends up bouncing.

How much a tax penalty is varies based on what the penalty is for. Also, what the penalty is for will impact whether the penalty is just charged once or is charged monthly.

So, how severe of financial impacts an IRS tax penalty could have can vary considerably. Sometimes, such penalties can add up to very high levels.

The specific circumstances of a person assessed a tax penalty also impacts his or her options. There are situations in which penalties can be contested or relief from such penalties could be granted. Skilled tax attorneys can advise taxpayers on whether they would have a strong basis for challenging or seeking relief from a tax penalty.

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The Peck Group, LC
5855 Sandy Springs Circle N.E., Suite 190
Atlanta, GA 30328

Phone: 770-884-6914
Fax: 770-933-2369
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