The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...

In this episode of Tax Notes Talk, Melissa Wiley of Kostelanetz LLP provides an update on the Corporate Transparency Act’s legal status after Treasury announced it would not enforce penalties against ...

Failing to file your tax returns can lead to serious consequences. Worst case scenario, you can face jail time for ...

Tax debt may sound straightforward, but it's really a complex situation that impacts millions of people each year.

Different types of businesses will have different deadlines for their taxes. S-corporations need to file by March 17, 2025.