The IRS stresses the importance of swift action for taxpayers who missed federal tax deadlines. Ignoring tax debts can lead ...

Certain Oklahoma ns affected by the March wildfires now have until November 2025 to finish their 2024 tax returns. The ...

Missed the April tax deadline? The IRS outlines payment plans and penalty relief options to help taxpayers catch up.

Form 5329 allows taxpayers to report additional taxes and make up shortfalls in their required distributions so that hopefully they can avoid penalties if there was a reasonable cause, and tax experts ...

The IRS said taxpayers who owe taxes, interest, or penalties should file and pay promptly to limit additional financial consequences, according to official guidance issued on June 9, 2025. As interest ...

People and businesses affected by wildfires and high, damaging winds in parts of Oklahoma starting in March will have until ...

As tax season ends, the firm continues to offer audit representation and tax debt relief for individuals and businesses ...

As shown in a recent court order, the IRS continues to take aggressive stances against taxpayers who file late international ...

The most recent IRS data shows Americans owed more than $157 billion in back taxes, penalties and interest for tax year 2022.

o Penalty abatement: This is relief offered via a waiver under specific circumstances. The IRS says first-time abatement is the most common administrative waiver for both individuals and businesses.

Clear Start Tax Explains How the IRS Can Legally Withhold a Portion of Your Social Security and What Retirees Can Do About It IRVINE, CA / ACCESS Newswire / May 30, 2025 / Many retirees believe that ...

It's not necessarily too late to request penalty relief, though. The IRS offers first-time penalty abatement if you've been compliant in past years. You may also be eligible for reasonable cause ...