The American Institute of CPAs has submitted a letter to the Internal Revenue Service recommending the First Time Abatement program be expanded to cover additional types of tax and information return ...

Dealing with IRS penalties and incorrect tax assessments can be frustrating. This is especially true when you believe the ...

If you miss the tax deadline, you should file your return as soon as possible to minimize penalties. The IRS charges separate penalties for failing to file and failing to pay, so it is best to file ...

The IRS Form 843 allows taxpayers to request refunds or abatements for certain penalties, interest, and overpaid taxes when charges are unfair or caused by circumstances beyond their control. It ...

Missing a tax filing deadline can feel like a minor slip, but the financial consequences can snowball quickly. The IRS imposes strict penalties on taxpayers who fail to file on time, and those ...

It's after April 15, and you didn't file your taxes in time. What should you do now? File them as quickly as you can, the IRS says, and then apply for relief from the penalties for late filing and ...