Two US senators are calling on Treasury Secretary Scott Bessent to “exercise [the department’s] authority” and change a ...

Just like individuals, businesses have to pay taxes too. However, the due date for when you file depends on how your business ...

The IRS, hit by the Trump administration's federal workforce cuts, has lost 31% of its auditors through March, government ...

Failure to comply with filing requirements can lead to significant consequences, including automatic revocation of tax-exempt ...

Tax Day is the next business day if April 15 falls on a Saturday ... and are mailed and postmarked by the due date. For electronic filers, the deadline is 11:59 p.m. local time.

The tax cuts, which are due to expire at the end of this year without congressional ... said after hosting a roundtable for North Fulton business owners at the offices of Axis Infrastructure. "The ...

The remaining 44 states and the District of Columbia impose corporate income taxes, with rates and structures varying by state. Some states apply a flat rate to all corporate income, while others use ...

A change to Alaska’s corporate income tax structure is expected to add as much as $65 million per year to the state treasury by diverting money from other states. The Alaska Senate voted 16-4 on ...

If you fail to file your federal tax return on time, the standard penalty is a 5% of any tax due for every month the return is late, up to 25% of the unpaid balance. If you file a return but ...

The amount depends of the type of tax return you file. For individuals and most business tax returns, the penalty is 5% of the tax due for each month or partial month the return is late. The penalty ...