Missing the April 15 tax deadline is common, but it's crucial to act quickly to minimize penalties. Learn how IRS fines and interest escalate over time and discover steps to mitigate the impact.

The IRS can impose penalties reaching up to $100,000, making it essential to understand the importance of timely filing.

With the May 15 filing deadline approaching, the Internal Revenue Service (IRS) has issued a reminder to tax-exempt ...

Failure to comply with filing requirements can lead to significant consequences, including automatic revocation of tax-exempt ...

As part of an effort to further rig the tax code for corporations and billionaires, President Trump and Elon Musk have proposed cuts to the Internal Revenue Service (IRS) that would allow rich tax ...

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The V.I. Bureau of Internal Revenue’s St. Thomas and St. Croix offices will be open this weekend to help residents ahead of Tuesday’s tax filing deadline, BIR Director Joel Lee said Thursday.

The Internal Revenue Service is projected to lose more than $313 billion in revenue in the coming decade as undocumented workers are poised to pay fewer taxes after the agency struck a deal to ...

More than half of all expected federal tax returns have been filed – nearly 90 million as of March 28, according to the latest filing statistics from the Internal Revenue Service. Or maybe you ...