As the 2026 tax season approaches, understanding key IRS deadlines can help you avoid penalties and ensure a smooth refund ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Concept image for filing federal income taxes online and being ...

As tax season 2025 approaches, it's essential to be aware of the serious consequences that can arise from failing to pay your taxes on time. The IRS imposes various penalties that can significantly ...

Taxpayers who have faced penalties from the IRS might be eligible for relief, provided they have a history of compliance. This opportunity is particularly relevant for those who have consistently ...

The Internal Revenue Service (IRS) plays a pivotal role in keeping taxpayers informed about the penalties associated with insufficient funds during tax payments. Through its official website, the IRS ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. Tax penalties can be very harsh, especially when dealing with ...

With the IRS tax filing deadline looming, taxpayers should be aware of the upcoming increase in audits for 2025. This ...

The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service (IRS). IRS penalties are typically assessed for violations of tax laws, such as misreporting ...

Implemented by the Internal Revenue Service (IRS) in 2001 but infrequently used, it’s possible for certain taxpayers to avoid a tax penalty or get their money refunded from the IRS under its First ...

Capital gains tax is a type of tax levied on the profits or gains an investor realizes when they sell an asset or investment for more than its purchase price. It applies to assets such as stocks, ...