LND topic: tax-penalties page 1

tax penalties

Retirement Savings: The Hidden Tax Trap for Seniors

January 6, 2026

Many seniors are missing out on a key rule for their retirement savings. They are not taking out the required minimum distributions, or RMDs, from their accounts. This oversight leads to unnecessary tax penalties. The IRS has set rules that once someone hits a certain age, they must start withdrawin

business

Tax Break: Pennsylvania Eases Burden on Business Expansion

December 13, 2025

A business in Pennsylvania caught a break when the state's Board of Finance and Revenue (BFR) decided to cut some of the penalties for late sales tax payments. This wasn't a full win, though. The business still has to pay the actual tax and interest for the last quarter of 2021. The issue started wh