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 ...

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 ...

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 ...

The American tax system is complicated, and the idea of paying penalties can be especially scary if you, like most, aren't super familiar with how it all works. If you have to pay a tax penalty ...

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

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

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.