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 ...

One of the biggest mistakes you can make is missing the tax filing deadline or, worse, not filing at all. The IRS imposes ...

Here’s a wake-up call for millions of Americans who pay some or all their income taxes quarterly rather than through paycheck ...

Tax evasion ... offense under the Internal Revenue Service (IRS) tax code. People caught evading taxes are generally subject to criminal charges and substantial penalties. Tax evasion can be ...

Tax debt may sound straightforward, but it's really a complex situation that impacts millions of people each year.

Spouses who earned similar amounts of money – especially those considered high earners – often found themselves subject to a marriage tax penalty ... at the Internal Revenue Service tax ...