An individual assessed the Trust Fund Recovery Penalty (TFRP) has the option to pay just a portion of the assessment to gain access to a court. This is different from the requirement for income taxes, which calls for payment, in full, of the tax, penalty, and interest, before a court can hear the case. The [...]
Waiting until the last minute is nearly always a bad strategy. This is certainly true in tax preparation, whether it is preparing an original or amended tax return. For taxpayers seeking a refund from an amended return, in particular, there are potentially very serious problems for those who wait until the last minute to file. [...]