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Taxpayers should file on time even if they can’t pay their full tax bill

Taxpayers should file their tax return by the deadline even if they cannot pay the full amount due. Otherwise, they may end up owing even more because penalties and interest can cause a taxpayer’s debt to grow. If a...

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  • July 14, 2020

IRS helps workers, businesses with new Gig Economy Tax Center

WASHINGTON — The Internal Revenue Service this week launched a new Gig Economy Tax Center on IRS.gov to help people in this growing area meet their tax obligations through more streamlined information. “The IRS developed this online center to...

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  • January 13, 2020

IRS opens 2019 tax filing season for individual filers on Jan. 27

WASHINGTON ― The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, Jan. 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns.  The deadline...

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  • January 8, 2020

Here’s Five Reasons to Use Direct Deposit for a Tax Refund

As taxpayers prepare for the January 29 start of filing season, they should consider a direct deposit of any refunds due. It’s easy, safe, fast — and the best way to get a refund. That’s why 80 percent of...

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  • January 9, 2018

Eight Facts on Late Filing and Late Payment Penalties

April 15 is the annual deadline for most people to file their federal income tax return and pay any taxes they owe. By law, the IRS may assess penalties to taxpayers for both failing to file a tax return...

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  • April 18, 2013