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Home » Blog » Some tax penalty amounts increase in 2017

Some tax penalty amounts increase in 2017

One of the big sticks that the Internal Revenue Service wields is penalties for our mistakes or willful disregard of tax laws. Some of the penalties were increased in 2016 thanks to law changes. Others are hiked each year if inflation so warrants. Here’s a roundup of some major tax penalties changes ahead in 2017.

Source: Some tax penalty amounts increase in 2017

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