The deadline for filing federal tax returns and paying any owed taxes is April 15 for most taxpayers. Missing this deadline can lead to interest and penalties that increase your financial burden.

Many taxpayers mistakenly believe an extension pauses IRS penalties and interest. Experts say that misunderstanding can ...

The federal tax deadline holds immense importance for taxpayers. While an extension for filing can be requested, typically until October 15, the payment of any taxes owed remains due by the original ...

As the tax season reaches its peak, taxpayers must be aware of the implications of missing the April 15 deadline. The Internal Revenue Service (IRS) imposes penalties and interest on unpaid taxes, ...

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 ...

When it comes to the Internal Revenue Service (IRS), ignoring unpaid tax debts can be costly, really costly. If you don’t pay what you owe, penalties and interest begin stacking up fast, and over time ...

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 ...

It isn't always easy to pay off what's owed to the Internal Revenue Service (IRS), especially as interest and penalties begin to accumulate on your tax debt. The IRS penalties on unpaid tax debt can ...

As the tax season of 2025 concludes, many have met their obligations, but some remain in default. If you missed the deadline, didn't request an extension, and owe taxes, you're likely facing penalties ...