The traditional penalty for an individual who has not filed their taxes by the deadline is 5 percent of the tax due for each month the return is late. The penalty accrues up to a maximum of 25 percent ...

Time's up. US income taxes are due today, Tuesday, April 15. If you're staring at the clock, wondering if there are enough hours in the day for you to finish your 2024 tax return don't fret. You can ...

The IRS offers the amended tax return process to ensure accurate federal tax records for individuals or entities. Even for ...

If you missed the tax deadline, didn't file an extension and you owe taxes, there's a good chance you will incur late filing penalties and late payment penalties. You'll also have to pay interest on ...

For victims of Hurricane Helene and Hurricane Milton in various states including West Virginia, Alabama, Florida, Georgia, ...

Pope Leo XIV, the newly elected pontiff, must answer to at least one more higher power: the IRS. The United States ...

Taxpayers can now file their returns for FY 2024–25 using the latest ITR forms notified by the Income Tax Department. Forms ITR-1 to ITR-5 are already available, with updated eligibility rules and ...

The IRS advises taxpayers not to depend on receiving a refund by a specific date, particularly when making significant ...

While taxpayers can request extensions to file their tax returns, they must still pay what they owe by April 15. Some California residents are granted extensions for payments due to wildfires ...

Rather than filing away your paperwork and forgetting about it, this CPA recommends using it as a source of insight to ...