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 ...

Estimated tax requirements are a frequent problem for retirees, with many incurring penalties for underpaying their estimated taxes. Fortunately, there’s a little-known strategy that can help avoid ...

"Taxpayers who historically pay on time should not have to make a formal request for relief," the Internal Revenue Service ...

Forbes contributors publish independent expert analyses and insights. Matthew Roberts is a tax attorney who covers tax litigation and fraud. There are more than 100 penalties in the Internal Revenue ...

Back taxes are taxes that have been partially or fully unpaid in the year that they were due. Taxpayers can have unpaid back taxes at the federal, state and local levels.

The IRS hit Americans with $7 billion in tax penalties in 2023, a record-high level that marks a nearly 300% increase from the prior year. The majority of the fines were levied against those who ...