Under the Internal Revenue Code, the IRS may assess a financial penalty against a taxpayer for failing to timely file a tax or information return. On August 24, 2022, the Internal Revenue Service ...

The Internal Revenue Service (the IRS) has provided penalty relief in Notice 2022-36 for certain taxpayers from failure to file penalties and certain international information return penalties with ...

If you have formed a limited liability company that is being taxed as an S corporation, also called an S Corp, you will at some point need to become acquainted with form 1120-S. The IRS Form 1120-S is ...

The IRS estimates about $1.5 billion in tax refunds remain unclaimed by taxpayers due to the three-year window to file 2019 tax returns, which ends in July. The normal filing deadline for 2019 tax ...

WASHINGTON - The IRS estimates that nearly $1.5 billion in tax refunds remain unclaimed because people haven’t filed their 2019 tax returns yet. The agency on Thursday encouraged millions of people ...

If you forgot to file your taxes during the early days of the COVID-19 pandemic in 2020, you have until Monday to do so. Nearly 1.5 million taxpayers may still be eligible for a tax refund from tax ...

WASHINGTON — Time is running out for taxpayers to cash in on the $1.5 billion unclaimed tax refunds from 2019. The IRS issued its annual reminder for taxpayers to claim their old tax refunds, setting ...