Blog Posts Related to Tax Penalties

Tax Cuts and Jobs Act and the Future of the Shared Responsibility Penalty

future of shared responsibility paymentThe Tax Cuts and Jobs Act passed in 2017 will have significant ramifications on all manners of tax filings going forward. However, one of the more substantial changes to tax laws relates to the 2009 Affordable Care Act. Of most importance to what changes happen under the Affordable Care Act is when the changes […]

What to Do If You Have Undisclosed Offshore Bank Accounts

undisclosed offshore bank accountsTaxpayers with foreign bank accounts are required to disclose these accounts under the Foreign Account Tax Compliance Act (FATCA) and on the Report of Foreign Bank and Financial Accounts (FBAR). Do you have an overseas bank account you haven’t disclosed it to the IRS? If so, you are […]

2012 Deadlines & Due Dates for Filing 2011 Income Tax Returns

2011 Tax Filing Due Date April 17, 2012Your 2011 Federal and state tax returns are due on April 17, 2012. The traditional due date for income tax filings is April 15th each year, but since April 15th falls on a Sunday this year – and with a Federal holiday on April 16th […]

File an Annual Information Return or Risk Losing Tax Exempt Status

Tax Exempt Status IRS

It seems logical: Your charitable organization doesn’t have to pay taxes, so there is no reason to file a tax return. Unfortunately, many tax exempt organizations fall into this line of reasoning – and it’s one that could cost you. Even if your organization doesn’t pay taxes, you still need […]

Emmanuel Lewis Fails to Pay Taxes, Loses Home


Former child actor Emmanuel Lewis has lost his home to foreclosure as a result of his failure to pay taxes.

According to documents obtained by TMZ, Lewis neglected to pay a total of $44,081.41 in state, county and school taxes between 2007 to 2010.

The 40-year-old, 4’3″ tall television star’s Fayette County, GA home was foreclosed on and then sold for only $56,000 at an auction back […]

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