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

After all, filing late can lead to some hefty penalties. The failure-to-file penalty is 5% of the taxes owed per month the payment is late (25% maximum). The failure-to-pay penalty is up to 25% of ...

This is the eleventh installment in a series of articles intended to provide the reader with a very high-level overview of the Occupational Safety ...

New IRS educational materials from the 2024 Nationwide Tax Forum cover international tax topics such as proper FBAR and FATCA ...

The IRS’s assessment of a willful foreign bank account reporting (FBAR) penalty was timely and the complaint adequately pleaded willfulness, the district court held, adopting the magistrate judge’s ...

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

The maximum civil penalty has increased to $53,088 per day for an HSR Act violation, including failure to file. Companies should consult with HSR counsel early in the deal process to assess ...

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

Potential penalties and fees A failure-to-file penalty is 5% of the unpaid tax obligation for each month your return is late. This penalty can't exceed 25% of your total unpaid taxes, and will max ...

These are extensions to file, not pay. Estimate and pay taxes owed by the original deadline to avoid failure-to-pay penalties (0.5% per month, up to 25%). Failure-to-file penalties are 5% per ...

MCA penalised a private limited company Rs.4.5 lakh for failing to file its Annual Return. Don't risk penalties—ensure ...