The chancellor announced a hike to penalties for late tax returns in her Spring Statement as she scrambles to raise an extra ...

Qatar also announced a six-month tax penalty waiver for compliant businesses Dubai: Qatar’s General Tax Authority has announced a six-month financial penalty exemption initiative, offering ...

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

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

Because they are imposed under Title 31, taxpayers’ foreign bank account reporting failure penalties were not subject to the Code’s procedural requirements, the Tax Court held.

In some cases, the agency will waive the penalty entirely. "A lot of clients are getting that excise tax waived" by correcting the RMD, filling out the form and providing a "reasonable ...

According to Internal Revenue Service (IRS) data, the federal agency collects billions in back taxes, penalties and interest annually — and behind this staggering figure are people facing ...

New Delhi: Two- and three-wheeler maker Bajaj Auto on Friday received an order with tax demand of over Rs 138 ... imposes an applicable interest and penalty of Rs 13,85,49,375, it said.