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Tag: penalties

IRS Updates Penalty Amounts For 2021 Tax Year

IRS Updates Penalty Amounts For 2021 Tax Year

Kelly Phillips ErbOctober 28, 2020January 10, 2021

The Internal Revenue Service (IRS) has announced the annual inflation adjustments for the tax year 2021 – and that includes penalty amounts. Here’s a quick look

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NFL Fines, Suspends Ray Rice: Is The Hit To His Wallet Tax Deductible?

Kelly Phillips ErbJuly 25, 2014August 3, 2020

On February 15, Baltimore Ravens running back Ray Rice got onto an elevator with his then-fiancee, now-wife Janay Palmer in Atlantic City, New Jersey. When

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