Many taxpayers mistakenly believe an extension pauses IRS penalties and interest. Experts say that misunderstanding can ...

*With Tax Day looming on April 15, millions of Americans are racing to submit their returns. Filing late, especially if you owe, can trigger costly penalties and compounding interest that grow by the ...

No one likes to pay penalties to the IRS when they fail to follow IRS regulations. In this column I’ll explain some ways to minimize these penalties, and possibly even obtain a complete waiver. If you ...

RENO, Nev. — As the April 15 tax filing deadline looms, the IRS is urging taxpayers to file on time to avoid penalties and interest. Raphael Tulino, a spokesman for the IRS, emphasized the importance ...

WASHINGTON -- Tax day 2025 has officially passed for most taxpayers as the deadline to file and pay your 2024 taxes was Wednesday, April 15. While many Americans paid their taxes ahead of the deadline ...

Discover what "past due" on a loan means, explore possible penalties, late fees, and impacts on credit, and learn about ...

Learn how non-interest-bearing current liabilities work, their role on balance sheets, and examples in corporate and personal finance without accruing interest charges.

The April 15 tax filing deadline is one day away, and failing to file your tax return on time can lead to financial penalties. While many may consider putting off filing because they're unable to pay ...