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When you save a document, what is the name you give it called?
Maximum Penalty
The highest possible financial charge or punishment that can be imposed for a violation of a rule or law.
Failure to File
The failure of an individual or business to submit their tax return by the due date, which can result in penalties and interest charges.
Qualifying Widow(er)
A tax filing status allowing a widowed spouse to use married filing jointly tax rates for up to two years after the year of their spouse's death, provided they have a dependent child.
Qualifying Child
A dependent who meets specific IRS criteria regarding relationship, age, residency, and support, which allows the taxpayer to claim certain tax benefits.
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