There are different types of IRS tax penalty abatement and relief, and they can apply differently depending on the type of penalty you receive. If you don’t file a federal tax return or pay the tax ...

Caren Weiner is the lead editor for consumer finance at Forbes Advisor. During her decades as a personal finance journalist, she has covered mutual funds, taxes, banking and health insurance ...

The IRS imposes penalties for various reasons, including late filing, late payment, and inaccurate tax returns. These penalties accrue monthly until the full amount is paid. Common penalties include ...

IRAs are tax-advantaged accounts that the government has strict rules for. Withdrawals made before age 59 1/2 typically have a 10% early withdrawal penalty. Explore all the possible strategies you can ...