Tuesday, April 3, 2012

More time to pay your taxes penalty free

From Yahoo Finance


Recently, though, the Internal Revenue Service announced plans for "new penalty relief" for some taxpayers on the failure-to-pay penalties. 

The IRS is granting a new six-month grace period on failure-to-pay penalties for "certain wage earners and self-employed individuals." The request for an extension to pay any taxes owed will result in "relief from the failure-to-pay penalty for tax year 2011 only if the tax, interest and any other penalties are fully paid by Oct. 15, 2012."

Read more by clicking on this link.

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