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Inglewood California online Form 433-A (OIC): What You Should Know
The information is included in the I.R.S.'s weekly Treasury Monthly Deposit Report. Do You Need to Pay a Penalty on Form 433? If your Form 433-A (OIC) indicates that you do not have sufficient income to pay the tax due, you'll be assessed an additional tax of 10% of the back pay. If you owe back taxes for the current period, your penalty will be 53.20. That penalty will be assessed once your Form 433-A (OIC) is filed for the current period. Please note: Due to recent legislation, the penalties are no longer collected by the IRS. They may be collected by the state where you made the payment. Your local state tax office should be aware of this and have the appropriate records ready for you when you make payment. Form 433-A (OIC) (Rev.
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