In September, there were still about 17.6 million tax returns awaiting processing, and the IRS anticipates receiving over 4 million more returns in October. The
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IRS Updates Penalty Amounts For 2021 Tax Year
The Internal Revenue Service (IRS) has announced the annual inflation adjustments for the tax year 2021 – and that includes penalty amounts. Here’s a quick look
Read MoreOpting Out Of The Obamacare Tax: What Happens If You Don't Pay?
Last month, the Obama administration announced that between three and six million households – about 2 to 4 % of taxpayers – would be faced
Read MoreTaxes From A To Z: P Is For Penalty On Estimated Tax
P is for Penalty on Estimated Tax. If you receive payments or other funds without having any federal income taxes withheld, you should consider making
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