The IRS filed an appeal of the Court of Federal Claims’ Kwong decision, in which the court held that the filing deadline for refund claims for penalties and interest was automatically extended by Sec.

But there’s a separate deadline this summer that could put real money in the pocket of tens of millions of people, and most of them don’t even know it exists. A federal court just ruled that the IRS ...

If you are a business owner, you should review both your personal tax records as well as your entity-level returns.

Millions of Americans could be eligible for pandemic-era tax refunds based on Kwong v. United States ruling. Here's the deadline and who qualifies.

Recent court decisions upheld a law postponing tax filing and payment deadlines until six months after a federal disaster declaration.

Millions of Americans could qualify for IRS refunds on COVID-era penalties if they paid late fees between Jan. 20, 2020, and July 10, 2023.

A court ruling could allow refunds of IRS penalties and interest from 2020–2023, but most taxpayers must file Form 843 by July 10.

The federal tax deadline for 2025 returns is Wednesday, April 15, 2026. Taxpayers who miss the deadline without an extension may face penalties and interest. An extension to file until October 15 can ...

Missing a tax filing deadline can feel like a minor slip, but the financial consequences can snowball quickly. The IRS imposes strict penalties on taxpayers who fail to file on time, and those ...

There are over 150 types of penalties in the Internal Revenue Code (IRC). One frequent penalty that the Internal Revenue Service (IRS) asserts is the accuracy penalty under IRC Section 6662. As ...

There are many ways that individuals can be subject to IRS tax penalties. The point of this column is to identify some of these penalties and show you how to minimize them. In 2023, the IRS assessed ...

Global diversification can be a powerful wealth strategy, but without proper tax planning, foreign investments can trigger ...