Regional Vice President of Sales The Retirement Plan Company
|
Loan & Distribution Specialist AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
AimPoint Pension
|
Bates & Company, Inc.
|
Compass
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
IRS Waives Penalties for Late Payments Linked to Obamacare
Bloomberg [Guidance Overview] Jan. 26, 2015
"On tax returns, [individuals] must reconcile eligibility for the credit with their actual income and pay back some of the subsidy if they received too much. That can happen if someone got a higher-paying job or a raise during 2014 and didn't ask the government to alter the subsidy. The IRS will waive penalties for making that payment late or for failing to pay estimated taxes throughout 2014. Taxpayers must send in a letter for a penalty waiver. They still must pay the taxes within a year and will owe interest after April 15, the due date for individual tax returns."
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |