Experts have issued a warning to any self-employed workers, claiming they could run up a fine of as much as £900 if they ...

The IRS provides several options for tax forgiveness, including an approved payment plan, an offer in compromise and spousal ...

The Internal Revenue Service (IRS) offers payment plans and some taxpayers may even qualify for an offer in compromise in ...

Wondering why is my tax return so low this year? Learn the most common reasons for smaller refunds and steps you can take to ...

Owed a refund from the IRS? Here's an estimated timeline for tax refunds, and how to track your Ohio and federal refund ...

By checking tax withholding, individuals can prevent having to owe additional money and any potential penalties at tax time.

Filing a tax return late costs more than just missing ... you can request relief from penalties and interest, and reduce the amount you owe. If you fail (or refuse) to take steps to pay your ...

What are the fees and penalties for filing taxes late? The failure-to-file penalty hurts the most. It's generally 5% of the amount you owe for each month or part of a month that your return is ...

People who owe taxes should still file a tax return and pay as much as they can to reduce "interest and penalties on the outstanding amount" and possibly avoid a penalty for filing late ...

Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at "60 Minutes", CBSNews.com, and CBS News 24/7 as part of the CBS News Associate ...

Your filing status can have a significant impact on your tax return. For example ... generate a tax refund even if they exceed the amount you owe. Refundable credits can reduce your tax liability ...