If you miss this week’s tax filing deadline, you might be feeling anxious about getting hit with late-filing penalties by the ...

If a taxpayer misses the filing deadline, the IRS may impose significant penalties (up to 25% of the amount of the foreign ...

QUESTION: What are the consequences if I am unable to file my personal tax return nor pay the owed tax amount for the year ...

The federal government will assess a monthly penalty of 5% on the amount of taxes owed, not to exceed 25% of the sum, the IRS ...

The Illinois Department of Revenue (Department) announced that it will grant abatement of late filing penalties for taxpayers that file their Illinois business income tax returns on or before ...

which is 0.5% of the unpaid taxes. The late-filing penalty is 10 times the penalty for failing to pay on time. “Even if a taxpayer cannot pay, always file a return on time,” Scholl says.

There is a penalty for filing taxes late. This fee can accrue for every month you fail to file, starting at 5% of the tax due. If the return is more than 60 days late, the minimum penalty is the ...