Personal property listed by the taxpayer is subject to verification by the assessor and any unreported or misreported property remains subject to taxes penalties and interest. Its probably too late for this year but taxpayers can avoid a tax surprise next year by voluntarily having federal income taxes withheld from their social security benefits using irs form w 4v.
How To Avoid Income Tax Penalty On Late Filling Of Itr Art
how much is the penalty for filing income taxes late
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Taxpayer receiving penalty relief may not seek a refund or otherwise challenge the amount of tax liability.
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