Missing IRS deadlines can carry financial consequences. Failure to file and pay a tax return on time can result in a penalty of 5 percent of taxes owed for each month or partial month the return is late.

Understanding late return. A belated return is a late filing of the tax return under section 139(4) of the Income-tax Act. It gives a chance to taxpayers to declare income, allow

Taxpayers may need to correct errors on past returns. The IRS offers the amended tax return process to ensure accurate federal tax records for individuals or entities. Even for the most meticulous among us, the dynamic nature of our financial lives can ...

While taxpayers can request extensions to file their tax returns, they must still pay what they owe by April 15. Some California residents are granted extensions for payments due to wildfires earlier this year. Taxpayers have several ways to request an ...

More than 2.1 million Oregonians have filed their tax year 2024 state personal income tax returns this year. But with just six days before the tax filing extension deadline October 15, as many as 100,