Tax penalties are becoming a reliable source of income for the US government. They take in so much money in penalties each year that they include that number in forecasts for future revenue. The IRS knows taxes are complex and individuals will always make mistakes on their taxes and the IRS will always be able [...]

Each year that passes the IRS gets more and more efficient at catching non-filers. If you have gotten away with not filing a tax return in the past, don’t expect to in the future. Even if you missed the past few years, it is in your best interest to file those returns because the IRS [...]

Philadelphia proposes tax amnesty program in order to recoup back taxes owed by taxpayers. The program will be voted on by the city council sometime next week.

The IRS announced today that it is keeping interest rates the same for the first quarter of 2010 (Jan-March). These interest rates have remained the same since the 2nd Quarter of 2009.