The Internal Revenue Service has not yet satisfied the goal of the Payment Integrity Information Act to reduce improper ...

The Internal Revenue Service (IRS) has confirmed that there will be no changes to the interest rates for the upcoming quarter ...

The IRS will increase interest rates for overpayments and underpayments starting July 1. Here’s what taxpayers and ...

On top of the failure-to-pay penalty of 0.5 percent per month, the IRS charges interest of 3 percent plus the federal funds rate. For example, for the first quarter of 2025, the IRS charged a 7 ...

Failing to pay your taxes by the deadline can lead to severe financial consequences. The IRS imposes a 7% annual interest rate, compounded daily, on unpaid taxes. Additionally, a 0.5% monthly ...

The dawn of 2025 brings with it the annual responsibility of tax filing for millions of Americans. As the Internal Revenue Service (IRS) gears up for the new tax season, taxpayers must be ready to ...

This elevated rate serves as a deterrent against substantial tax deficiencies, encouraging corporations to maintain accurate ...

However, large corporate underpayments are subject to a higher rate of 9%. This distinction underscores the IRS's approach to encouraging timely and accurate tax payments from larger entities.

Most Americans don't know their own tax rate or what others pay to the IRS, yet most feel their taxes are too high.

By Teresa Acosta, May 6, 2025 An external payroll audit by the State Controller’s Office found more than $3.6 million in projected improper payroll costs at Cal Poly Pomona. The report audited 105 ...