Share:  Ergedine Pericles, CPA | April 2, 2025 Introduction Receiving an IRS penalty notice can feel overwhelming—whether you’re an individual taxpayer or a business owner. Penalties for late filing, underpayment, or reporting inaccuracies can create unexpected financial strain. This guide outlines the most common IRS income tax penalties and best practices to prevent or resolve… Read More

Share:  Ergedine Pericles, CPA | April 2, 2025 Introduction For businesses, payroll tax compliance is essential. Failing to meet Internal Revenue Service (IRS) requirements can result in severe penalties. The IRS imposes various penalties for missing tax filing deadlines, misclassifying workers, or making late or incorrect tax deposits. These penalties can disrupt business operations and… Read More

Share:  By Ergedine Pericles, CPA | April 2, 2025 Introduction Facing IRS tax penalties is frustrating—especially when you’re already dealing with tax debt or late filings. Whether you’re an individual or a business, these penalties can quickly add up and put a serious strain on your finances. The good news? You do have options. As… Read More

ADVERTISING DISCLOSURE: Some of the links on this blog post contain affiliate links. This means when you click the link and make a purchase, we may earn a commission at no extra cost to you. Thanks. Share:  Ergedine Pericles, March 20, 2025 Introduction At Ergedine Pericles, CPA, PA, we understand the stress of last-minute tax preparation.… Read More

Share:  Ergedine Pericles, February 24, 2025 What is the Trust Fund Recovery Penalty (TFRP)? Employers are required to withhold payroll taxes from employees’ wages and hold them “in trust” for the IRS. If these withheld funds are not remitted to the IRS, the IRS considers it a serious offense. The Trust Fund Recovery Penalty (TFRP)… Read More

Share:  ADVERTISING DISCLOSURE: Some of the links on this blog post contain affiliate links. This means when you click the link and make a purchase, I may earn a commission at no extra cost to you. Thanks. Ergedine Pericles, February 24, 2025 Why Unpaid Payroll Taxes Are a Major Business Risk Unpaid payroll taxes can lead… Read More

Share:  Ergedine Pericles, February 17, 2025 Unfiled tax returns can feel overwhelming, but addressing them promptly is crucial to avoid escalating penalties and potential IRS enforcement. This guide outlines the necessary steps to take and how a qualified tax professional can assist you in navigating the process. The Importance of Professional Help Dealing with unfiled… Read More

Share:  Ergedine Pericles, December 4, 2024 This holiday season instead of spending beyond your means, give yourself the ultimate gift: freedom from IRS tax debt. Tackling your tax obligations now isn’t just about reducing debt—it’s about reclaiming peace of mind, protecting your assets, and starting the new year on a stronger financial footing. This holiday… Read More