As a reminder to those who have not yet filed their 2021 tax returns, April 18, is the due date to either file a return or file for an automatic extension.
Not everybody realizes that when companies pay out dividends on their excess cash, it leads to profits being taxed twice. Learn more.
Most taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply unaware of the penalties or the possible damage they can do to their wallets. As tax season approaches, let’s look at some of the more commonly encountered penalties and how they may be avoided.