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How could you end up owing the IRS a penalty? There are more reasons than you might realize. fizkes / Shutterstock.com
It’s bad enough that you have to fork over a chunk of your income to the IRS each year. If you make a mistake while doing so, you could get hit by a penalty that might add hundreds, if not thousands, to your bill. Here’s a look at some of the many ways the IRS can fine you.
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