Tax Problems Explained
Navigating IRS Penalties: Reduction and Removal Strategies
12:47
Episode Summary: In this episode of Tax Problems Explained, host LeAnn Lyon sits down with Lawrence T. Ullmann, a seasoned tax professional with extensive experience inside the IRS and in private practice. They delve into the complexities of IRS penalties, focusing on when they may be reduced or removed. Lawrence outlines the most common penalties, such as failure to file and failure to pay, and…