Tax Penalty and Interest

New Law Increases Penalty for Not Filing Income Taxes

It just became more expensive for taxpayers to fail to file their tax returns. Among other tax-related changes, the new Trade Facilitation and Enforcement [...]

Eight Facts on Penalties

When it comes to filing a tax return – or not filing one - the IRS can assess a penalty if you fail to file, fail to pay or both. Here are eight important [...]