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Penalties

Forgoing Your Tax Return Due to IRS Cutbacks? The Penalties Could Be Expensive

February 27, 2025
Skipping your tax return amid IRS cutbacks? Penalties can be costly

Don’t Take Chances: Why You Should File Your Taxes This Season As we enter tax season, the words “file or not to file” are swirling around, especially in light of recent IRS cutbacks and layoffs. … Read more

Categories Personal Finance Tags Cutbacks, due, Expensive, Forgoing, IRS, Penalties, return, tax

Major Changes to Inherited IRAs Coming in 2025: Strategies to Avoid Penalties

January 22, 2025
Investors rotate into small caps. Analysts love these dividend payers

Understanding Inherited IRAs: What You Need to Know Before 2025 Inheriting an Individual Retirement Account (IRA) can often feel like a financial windfall. However, potential heirs should be aware of significant changes that are set … Read more

Categories Personal Finance Tags Avoid, Coming, Inherited, IRAs, major, Penalties, Strategies

Incomplete quarterly tax payments may lead to ‘surprising penalties’

January 9, 2025
Missing quarterly tax payment could trigger 'unexpected penalties'

Are You Ready for the Fourth-Quarter Estimated Tax Deadline? As we approach the fourth-quarter estimated tax deadline on January 15, 2024, many taxpayers are rightfully concerned about ensuring their finances are in order. At Extreme … Read more

Categories Personal Finance Tags Incomplete, Lead, Payments, Penalties, Quarterly, surprising, tax

How to Avoid Tax Penalties with This Required Minimum Distribution Strategy

August 22, 2024
This required minimum distribution strategy helps avoid tax penalties

Welcome to Extreme Investor Network! Today, we are going to discuss a lesser-known year-end tax strategy that can help retirees manage their tax liabilities more effectively. Retirees have various sources of income such as Social … Read more

Categories Personal Finance Tags Avoid, distribution, Minimum, Penalties, Required, strategy, tax

Biden plans to reduce drug costs by imposing penalties for inflation

June 26, 2024
Biden to lower some drug costs through inflation penalties

Title: Biden Administration to Impose Inflation Penalties on Prescription Drugs Introduction: At Extreme Investor Network, we strive to provide our readers with unique and valuable insights into the world of business news. In this latest … Read more

Categories Business News Tags Biden, costs, drug, Imposing, inflation, Penalties, plans, Reduce

Record Penalties Imposed on US Taxpayers in Fiscal Year 2023

June 24, 2024
US Taxpayers Hit With Record Penalties In FY23

At Extreme Investor Network, we understand the importance of staying informed about economic trends and government policies that can impact your finances. Recently, there has been a significant increase in IRS audits and penalties, leaving … Read more

Categories Economy Tags Fiscal, Imposed, Penalties, record, taxpayers, Year

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