A10 percent penalty applies to most early withdrawals. For the most part, this penalty is applicable to distributions taken from qualified retirement plans or deferred annuity contracts prior to the age of 59.5.. Go To Article
Does the IRS contact taxpayers by email? No, you are notified of an IRS tax audit by U.S. Postal Service mail. You will not receive an email from the IRS to request an audit. If you receive an email that says you’ve been selected for an IRS audit, it’s a scam. Go To Article
Most Popular Topics
Most Read Articles
U.S. Gov Connect Reporting On U.S. Government Programs & Regulations
An Offer in Compromise (OIC) is a longstanding program that was put into place by the IRS aimed towards helping individuals eliminate tax debt burdens that are too large for them to pay back..
A tax preparer is able to act on the behalf of their client. Therefore, it is important to make sure that third party authorization is assigned on the 1040 PDF Form, 1040A PDF. Go To Article