Nine Things You Should Know about Tax Penalties
The tax filing deadline is approaching. If you don’t file your return and pay your tax by the due date you may have to pay a penalty. Here are nine things you should know about the two different penalties you may face if you do not pay or file on time.
Failure to Pay Child Support, Federal Non–Tax and State Income Tax Obligations
The FMS has been authorized by Congress to conduct the Treasury Offset Program. Through this program, your refund or overpayment may be reduced by FMS and offset to pay any past–due child support, Federal agency non–tax debts, or state income tax obligations.
