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

The IRS warns that an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury ...

Learn what happens if you don't file your taxes in 2025. Discover the consequences, penalties, and how to address unfiled tax ...

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

The agency in September announced it recovered $1.3 billion in unpaid taxes from “high-income, high-wealth individuals,” ...

Social Security benefits are handled differently than regular income by the IRS, which can make tax season tricky.

Are you looking to report suspected tax fraud? Here's what you need to know about the process—and how you might even get ...

If you underpaid your 2024 taxes, you may be in for an unwelcome surprise, including a 0.5% monthly failure-to-pay penalty ...

A bill in the Arkansas legislature aims to provide an income tax credit to unpaid caregivers of elderly relatives.