Non-US financial accounts are reported on FBAR. Penalties can be severe but it is often more difficult for IRS to enforce ...

The Internal Revenue Service has decided to stop automatically levying penalties when a taxpayer files a form reporting ...

Not paying your taxes can lead to significant consequences. The IRS may charge penalties and interest on unpaid amounts, ...

If you want to avoid complications when filing your U.S. tax return, filing it as soon as possible is highly recommended.

Taxpayers who filed for an extension on their individual income tax returns this year must file by Tuesday or face penalties. “Individuals were required to pay any taxes owed by the April ...

note that all partners can be charged a penalty if a partnership tax return is filed late. In addition to getting fined for filing your tax return after the deadline, you could also face charges for ...

As a U.S. taxpayer, one of the last things that you want to hear is that the Internal Revenue Service (IRS) has disagreed ...

The penalty is 5% of unpaid taxes due for each month (or part of a month) that the return is late, up to a maximum of 25%. Both Filing and Late Payment: If both the payment and filing penalties ...

A 'worrying' new tax change is set to hit the pockets of some people who owe money to HMRC - and it's worth checking to see ...

The number of penalties issued by HMRC for late payment of tax or late filing of tax returns cancelled on appeal jumped by 70 ...

Taxpayers are already charged statutory late payment penalties, late filing penalties and heavy penalties for underpaid tax. "This is a worrying shift from charging enough to deny taxpayers an ...

Individuals and businesses in the Juneau, Alaska, area affected by flooding from last Aug. 5 now have until May 1, 2025, to ...