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IRS waiving $1 billion in penalty taxes, will kick off 2024 tax season on Jan. 29

The Internal Revenue Service (IRS) announced that taxpayers can begin paying taxes on their 2023 earnings starting January 29. (iStock) The Internal Revenue Service (IRS) has waived nonpayment penalties for eligible taxpayers affected by the 2020 and 2021 collection notice suspension. This penalty reduction will benefit nearly 5 million taxpayers, resulting in an estimated $1 […]

Taxes: IRS waives penalty for taxpayers with tax bills from 2020 and 2021 – AOL

Approximately 5 million taxpayers who are behind on their 2020 and 2021 taxes will have approximately $1 billion in penalties waived by the Internal Revenue Service (IRS). The IRS announced Penalty reduction In December, it targeted taxpayers who had unpaid taxes but were not sent automatic collection reminder notices during the pandemic. No notices were […]

Trump faces $250M penalty, business ban in NY upon verdict

The new year may be off to a rough start for Donald Trump. The former president faces a $250 million fine and a ban on doing business in New York when the judge overseeing the civil fraud trial hands down his decision in late January. The Manhattan Supreme Court trial has been suspended since Dec. […]