But while an extension grants extra time to file your return, it doesn't necessarily mean you can delay payment. While ...

Failing to file your tax returns can lead to penalties, interest charges, and potential legal consequences from the IRS.

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

The assessee contested the penalty before the CIT (Appeals), arguing that Section 271C applies only to failure to deduct tax, not to delays in remittance. The company also cited financial constraints ...

Typically, you must file and pay your taxes by the deadline. However, there is an option to extend. Learn more about the ...

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

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

Perhaps the easiest way to request an extension is to submit Form 4868 (“Application for Automatic Extension of Time to File U.S. Individual Income Tax Return”) online through an accountant or tax ...

The Petitioner paid GST liability and as penalty under cum-tax basis method in accordance with Rule 35 of the Central Goods and Services Rules, 2017 (“the CGST Rules”). Thereafter, the Respondent ...

According to TurboTax, if someone forgets to file their taxes by the April 15 due date, the Internal Revenue Service (IRS) ...

Taxpayers must ensure full advance ... the financial year. Failure to pay advance tax may entail interest implications u/s 234B and 234C of the IT Act," Dr Surana added. Penalty and interest ...

Even if you couldn't pay your tax bill, you should have submitted a return: The Failure to File penalty is 5% of the ... assistance and final review. Live Full Service includes a dedicated expert ...