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The IRS imposes penalties for various reasons, including late filing, late payment, and inaccurate tax returns. These penalties accrue monthly until the full amount is paid. Common penalties include ...

As Tax Day approaches, millions of Americans are preparing their returns, but missing the April 15 deadline could trigger a cascade of penalties and interest. For taxpayers who owe money, the ...

The deadline for 2024 federal and state tax returns was April 15. Taxpayers who missed the deadline and owe taxes face penalties for failure to file and failure to pay. The IRS may offer penalty ...

The IRS tax filing deadline was April 15, 2025, and late filers face penalties. Floridians affected by Hurricanes Helene and Milton have an extended deadline of May 1, 2025. If you missed Tuesday's ...

Bloomberg Tax & Accounting released its 2026 Projected U.S. Tax Rates, which reflect slightly higher numbers as compared to 2025. Those projections include not only tax rate schedules and ...

Forbes contributors publish independent expert analyses and insights. Andy Weiner is an attorney covering tax controversy and policy issues. Jan 06, 2025, 12:28am EST In 1789, Benjamin Franklin wrote ...