The process of negotiating with the IRS to pay less on your tax debt can be tricky — but these strategies can help.

If you can’t pay your taxes this year, the IRS still wants you to file. Here’s how to get help, avoid penalties, and create a ...

One of the biggest mistakes you can make is missing the tax filing deadline or, worse, not filing at all. The IRS imposes ...

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 ...

Freelancers face unique tax challenges, unlike traditional employees. Navigating estimated tax payments and IRS deadlines is ...

Interest also accrues on unpaid taxes and penalties until the balance is paid in full. In addition to penalties ... If you owe taxes, the failure to pay and failure to file penalties may apply." ...

However, interest still accrues until the amounts owed are fully paid. Failure-to-pay penalties are assessed on the tax owed after the due date, for each month or partial month, until the taxpayer ...

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 ITAT acknowledged the taxpayer’s claim of unawareness regarding the faceless assessment proceedings. It noted that while the taxpayer did not file a formal return, he provided a computation of ...

In fact, there are several penalties you could contend with, which include failure to ... If you can't pay in full immediately but feel you could catch up on your back taxes pretty easily, the ...

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 ...