The first-time penalty abatement lets qualifying taxpayers remove a penalty from their record or get a refund for one they already paid.

Learn about the penalties and interest you may face for filing your tax return late. Understand how penalties are calculated and discover ways to avoid them.

The IRS will end its practice of automatically assessing penalties for the late filing of forms dealing with foreign gifts and bequests, a change long advocated by the AICPA and the Taxpayer Advocate ...

5. The Reasonable Cause Abatement The IRS can also abate a tax penalty if you can show that your noncompliance with the tax code was the result of reasonable cause.

What are the penalties for filing my taxes late? If a return is filed after April 15 without an approved extension and the taxpayer owes money, the failure-to-file penalty kicks in immediately.

Each year, taxpayers face the pressure of the tax filing deadline, typically set for April 15. However, the IRS clarifies that if a taxpayer is due a refund, there is no penalty for filing late.

The IRS Tax Season 2025 has ended, closing the main window for filing tax returns without consequences. While millions meet this deadline, many others face penalties for late submissions ...

Learn about the penalties and interest you may face for filing your tax return late. Understand how penalties are calculated and discover ways to avoid them.

For taxpayers who owe money, the consequences of a late filing can be costly, with steep monthly charges and daily interest accruals that quickly add up.