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

Beginning January 1, 2026, remittance transfer providers will be required to collect a 1 percent remittance transfer tax.

If the IRS has assessed a tax penalty on your account for the first time, don’t panic. You may qualify for a relief measure known as a first-time penalty abatement. Who Qualifies for the First-Time ...

As a U.S. taxpayer, one of the last things that you want to hear is that the Internal Revenue Service (IRS) has disagreed with your tax assessment and has imposed penalties for noncompliance. The good ...

North Dakota taxpayers affected by early April severe weather may qualify for relief from penalties if they cannot meet today's deadline for filing income tax returns, according to the Internal ...