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 ...

How to file for first-time abatement You should receive a letter or notice about your tax situation from the IRS if you owe tax penalties, and if so, there will be a toll-free number listed that you ...

However, if you don’t have a recent history of filing your taxes late, it’s possible to apply for something called a ...

The letter taxpayers are getting – called Form CP14 – tells them they owe the IRS money by June 24, including penalties and interest for not paying on time. News 8 has confirmed this letter is ...

Letters resulting from a 1099 audit often include a “notice of proposed adjustment.” The “adjustment,” of course, is the additional money the IRS says you owe them, including the penalty ...

Fee increases may be discouraging taxpayers from seeking private letter rulings from the Internal Revenue Service to resolve ...

Opinions expressed by Forbes Contributors are their own. Robert W. Wood is a tax lawyer focusing on taxes and litigation. While the biggest worry may be those for whom tax filings are inaccurate ...

The court removed the IRS penalties, but the tax bill remained ... No one wants to be audited, or even to get a letter or notice from the IRS asking about a legal settlement they received.

National Taxpayer Advocate Erin Collins discussed the changes in a recent blog post. The changes have been long advocated by the AICPA.