A substantial number of elderly, retirement-age investors are failing to take required minimum distributions, or RMDs, a new ...

There are different types of IRS tax penalty abatement and relief, and they can apply differently depending on the type of penalty you receive. If you don’t file a federal tax return or pay the tax ...

The IRS imposed $7 billion in tax penalties in fiscal 2023, marking a record high and an almost quadruple increase from the previous year. Most of the penalties were imposed on people who did not pay ...

The Internal Revenue Service (IRS) could be updating its tax penalty rules for a select group of Americans. H.R. 9495, or the Stop Terror-Financing and Tax Penalties on American Hostages Act, was ...

LOWCOUNTRY, S.C. (WCIV) — Despite the government shutdown, the deadline for businesses and Individuals to file their 2024 taxes is Wednesday. This deadline applies to those who filed an extension back ...

When it comes to tax time, filing taxes as “married filing separately” might seem like a simple way to keep finances tidy, but the tax code treats this status very differently than most couples expect ...