Generally, the IRS allows a first-time penalty abatement for three types of penalties: failure to file, failure to pay and ...

If you missed filing your tax returns for previous years, you can still submit them in 2025. The IRS allows taxpayers to file ...

Sometimes the IRS lets you fix a mistake without a penalty. Here are some instances, including examples involving IRAs and RMDs.

Second, refunds and abatement of late filing penalties only applies to certain types of tax returns. The 1040 series of returns that individuals file is on the list (i.e., Forms 1040, 1040-C ...

Many people struggle to pay their taxes on time, which can lead to significant financial and legal consequences, including penalties and interest on the unpaid amount. There is a failure-to-file ...

For other-than-serious violations, the maximum penalty will increase from $16,131 to $16,550. Failure to abate violations, where employers have been previously cited and have not corrected the ...