Common IRS Penalties & How to Avoid Them
Owing the IRS doesn’t just stop with your tax balance. If your tax obligations are not met, you could face ...
Sunday, June 21, 2026
Tag: penalties
Businesses face heavy penalties for cybersecurity lapses
Will a major reform that is about to come into force severely damage the many businesses that are unprepared ...
Software Failures Can be Reasonable Cause for IRS Penalties – Houston Tax Attorneys
What one expects as data or information a business would commonly capture and maintain has changed dramatically over time. Readers ...
Does the IRS Have Authority to Certify ACA Employer Penalties? – Houston Tax Attorneys
The IRS has been sending notices to businesses about Affordable Care Act (“ACA”) penalties. The penalties are often very large ...
Do FBAR Penalties Die With the Taxpayer? – Houston Tax Attorneys
When someone has an undisclosed foreign bank account that the government has not yet assessed penalties for and they die, ...
FBAR Penalties Are Unconstitutionally Excessive – Houston Tax Attorneys
Most tax penalties follow a simple logic. The bigger the tax problem, the bigger the penalty. For example, the civil ...
IRS Cannot Assess Foreign Information Return Penalties – Houston Tax Attorneys
Many businesses today have some international transactions. Many U.S. businesses even have operations in foreign countries–which may include ownership of ...
Frivolous Tax Returns Avoid Accuracy-Related Penalties – Houston Tax Attorneys
Our federal tax system depends on voluntary compliance by a large segment of taxpayers. Encouraging compliance, while deterring and punishing ...
No Collection Rights for IRS-Assessed FBAR Penalties – Houston Tax Attorneys
The IRS’s historical abuses led Congress to create specific taxpayer rights, including rights stemming from collection due process (“CDP”) hearings. ...
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