The IRS “one-time forgiveness” refers to the First-Time Penalty Abatement program, offering relief from certain penalties for compliant taxpayers.

If you filed your 2018 tax return and paid a penalty for under-withholding taxes, you need to know about the IRS’s recent expanded relief issued last week. You may be positioned for a tax refund ...

Implemented by the Internal Revenue Service (IRS) in 2001 but infrequently used, it’s possible for certain taxpayers to avoid a tax penalty or get their money refunded from the IRS under its First ...

Many Americans are worried about getting smaller refunds this year…but it could be worse. If the income tax withheld from your paychecks last year was way less than it should have been, or your ...